A modified roulette wheel has 28 slots. One slot is 0, another is 00, and the others are numbered 1 through 26, respectively. You are placing a bet that the outcome is an even number. (In roulette, 0 and 00 are neither odd nor even.) what are the odds of winning? ____ what are the odds against winning? _____ When you bet that the outcome is an even number, the payoff odds are 1:1. How much profit do you make if you bet $20 and win? if you win, the payoff is _____ ??? How much profit should you make on the $20 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning?
A modified roulette wheel has 28 slots. One slot is 0, another is 00, and the others are numbered 1 through 26, respectively. You are placing a bet that the outcome is an even number. (In roulette, 0 and 00 are neither odd nor even.) what are the odds of winning? ____ what are the odds against winning? _____ When you bet that the outcome is an even number, the payoff odds are 1:1. How much profit do you make if you bet $20 and win? if you win, the payoff is _____ ??? How much profit should you make on the $20 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
A modified roulette wheel has 28 slots. One slot is 0, another is 00, and the others are numbered 1 through
26, respectively. You are placing a bet that the outcome is an even number. (In roulette, 0 and 00 are neither odd nor even.)
what are the odds of winning? ____ what are the odds against winning? _____
When you bet that the outcome is an
even number, the payoff odds are 1:1. How much profit do you make if you bet $20 and win?
if you win, the payoff is _____ ???
How much profit should you make on the $20 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning?
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Given that a modified roulette wheel has 28 slots. One slot is 0, another is 00, and the others are numbered 1 through 26, respectively.
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