In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is 37 that of a black outcome is 27 and that of a green outcome is 37 1 Suppose someone makes a $5 bet on red, Find the expected net winnings for this single bet. Interpret the result. Choose the correct answer below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) O A. A person will win dollars every time a $5 bet was placed on red. dollars. O B. If the $5 bet on red was placed a very large number of times, the bettor would win a total of O C. If the $5 bet on red was placed a very large number of times, the average winnings would be dollars per bet. On nuerann a person is expected to win dollars for any bet on the roulette wheel.
In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is 37 that of a black outcome is 27 and that of a green outcome is 37 1 Suppose someone makes a $5 bet on red, Find the expected net winnings for this single bet. Interpret the result. Choose the correct answer below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) O A. A person will win dollars every time a $5 bet was placed on red. dollars. O B. If the $5 bet on red was placed a very large number of times, the bettor would win a total of O C. If the $5 bet on red was placed a very large number of times, the average winnings would be dollars per bet. On nuerann a person is expected to win dollars for any bet on the roulette wheel.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:18
that of a black outcome is
37
18
and that of a
37
In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is
Suppose someone makes a $5 bet on red. Find the expected net winnings for this single bet. Interpret the result.
37
green outcome is
Choose the correct answer below and fill in the answer box to complete your choice.
(Round to three decimal places as needed.)
O A. A person will win
dollars every time a $5 bet was placed on red.
dollars.
B. If the $5 bet on red was placed a very large number of times, the bettor would win a total of
dollars per bet.
O C. If the $5 bet on red was placed a very large number of times, the average winnings would be
O D. On average, a person is expected to win
dollars for any bet on the roulette wheel.
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