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 odd number. (In roulette, O and 00 are neither odd nor even.) a. What is your probability of winning? 19 The probability of winning is 40 (Type an integer or a simplified fraction.) b. What are the actual odds against winning? The actual odds against winning are 21: 19. 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 $12 and win? If you win, the payoff is $ 12. d. How much profit should you make on the $12 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? $ (Round to the nearest cent as needed.)

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 odd number. (In roulette, O and 00 are neither odd nor even.) a. What is your probability of winning? 19 The probability of winning is 40 (Type an integer or a simplified fraction.) b. What are the actual odds against winning? The actual odds against winning are 21: 19. 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 $12 and win? If you win, the payoff is $ 12. d. How much profit should you make on the $12 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? $ (Round to the nearest cent as needed.)

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Description: 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 odd number. (In roulette, 0 and 00 are neither odd nor even.)a. What is your p

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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