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
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Formulas
Expected value: E = P(win) × (amount won) + P(loss) × (amount lost)
Theorems
-
Suitable Grade Level
Grades 10-12
Related Recommendation
Expected Value Calculation in American Roulette with a $9.75 Bet
Expected Value in Roulette: Calculating Losses with a $44 Bet
Expected Value of a Roulette Bet: $15 on 00, 0, or 1 vs. Number 31
Expected Value in Roulette: Betting $44 on Number 55
Calculate the Player's Expectation in a Roulette Bet on Black