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