A modified roulette wheel has 40 slots. One slot is​ 0, another is​ 00, and the others are numbered 1 through 38​, 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?   d. How much profit should you make on the $10 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 First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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 A modified roulette wheel has
40 slots. One slot is​ 0, another is​ 00, and the others are numbered 1 through
38​, 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?
 
d. How much profit should you make on the $10 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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