Math Problem Statement

One of the wagers in the game of roulette is to place a bet that the ball will land on a red number. (Eighteen of the numbers are black, 18 are red, and two are green.) If the ball lands on a red number, the player wins the amount of his bet. If a player bets $7, find the player's expectation. (Round your answer to two decimal places.)

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Expected Value

Formulas

Expected value: E = P(win) × (amount won) + P(loss) × (amount lost)

Theorems

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Suitable Grade Level

Grades 10-12