A modified roulette wheel has 32 slots. One slot is U, the others are numbered 1 through 30, respectively. You are placing a bet that the outcome is an even number. (In roulette, 0 and 00 are neither odd nor even.) A .What is your probability of winning? The probability of winning is B. What are the actual odds against winning? C. When you bet that the outcome is an odd number, the payoff odds are 1:1. How much profit do you make if you bet $ 20 and win?

MATLAB: An Introduction with Applications
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Answer A, B, C, and D
A modified roulette wheel has 32 slots. One slot is 0, another is 00, and
the others are numbered 1 through 30, respectively. You are placing a bet
that the outcome is an even number. (In roulette, 0 and 00 are neither odd
nor even.)
A.What is your probability of winning?
The probability of winning is
B. What are the actual odds against winning?
C. When you bet that the outcome is an odd number, the payoff odds are 1:1. How much profit do you make
if you bet $ 20 and win?
D. 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?
Transcribed Image Text:A modified roulette wheel has 32 slots. One slot is 0, another is 00, and the others are numbered 1 through 30, respectively. You are placing a bet that the outcome is an even number. (In roulette, 0 and 00 are neither odd nor even.) A.What is your probability of winning? The probability of winning is B. What are the actual odds against winning? C. When you bet that the outcome is an odd number, the payoff odds are 1:1. How much profit do you make if you bet $ 20 and win? D. 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 n=32  and the modified roulette wheel has 32 slots. One slot is 0, another is 00, and the others are numbered 1 through 30.

 

 

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