A roulette wheel has 30 slots, consisting of 2 blues, 8 whites, and 20 red slots. You will receiveP100 if the roulette stops spinning on a blue slot, you will receive P50 on a white slot, but you willbe penalized P10 if the roulette stops spinning on a red slot. Let X be the amount you will recieve(or pay). What is the expected amount that you will receive (or pay) for this roulette-spinning game?P13.33P20.00P10.00PO.00Next

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Answered: A roulette wheel has 30 slots,…

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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The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 500 tickets. There is one $2,000 grand prize, three $400 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
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