Math Problem Statement
One of the wagers in the game of roulette is to place a bet that the ball will land on a black number. (Eighteen of the numbers are black, eighteen are red, and two are green.) If the ball lands on a black number, the player wins the amount bet. If a player bets $3, 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
Statistics
Formulas
P(Black) = 18 / 38
P(Not Black) = 1 - P(Black)
Expected Value E = (P(Win) * Winnings) + (P(Loss) * Loss)
Theorems
Expected Value Theorem in probability and statistics
Suitable Grade Level
Grades 10-12