A roulette wheel has 38 slots, numbered 0 through 36, with the remaining slot numbered 00. A b is released into the spinning roulette wheel and ends up in a random slot, with equal likelihood each slot, when the wheel spins down. Player wins $1 if the slot in which the ball ends up is number 19-36 and wins nothing otherwise. What is the expected value of Player's winnings? Round to 4 decimal places if needed.
A roulette wheel has 38 slots, numbered 0 through 36, with the remaining slot numbered 00. A b is released into the spinning roulette wheel and ends up in a random slot, with equal likelihood each slot, when the wheel spins down. Player wins $1 if the slot in which the ball ends up is number 19-36 and wins nothing otherwise. What is the expected value of Player's winnings? Round to 4 decimal places if needed.
A First Course in Probability (10th Edition)
10th Edition
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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
Transcribed Image Text:QUESTION 3
A roulette wheel has 38 slots, numbered 0 through 36, with the remaining slot numbered 00. A ball
is released into the spinning roulette wheel and ends up in a random slot, with equal likelihood for
each slot, when the wheel spins down. Player wins $1 if the slot in which the ball ends up is numbered
19-36 and wins nothing otherwise. What is the expected value of Player's winnings?
Round to 4 decimal places if needed.
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