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One option in a roulette game is to bet $4 on red.

One option in a roulette game is to bet $4 on red.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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One option in a roulette game is to bet $4 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither red nor black.) If the ball lands on red, you get to keep the $4 you paid to play the game and you are awarded $4. If the ball lands elsewhere, you are awarded nothing and the $4 that you bet is collected. Find the expected payback for this roulette game if you bet $4 on red. The expected payback is S (Round to the nearest cent as needed.)
Transcribed Image Text:One option in a roulette game is to bet $4 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither red nor black.) If the ball lands on red, you get to keep the $4 you paid to play the game and you are awarded $4. If the ball lands elsewhere, you are awarded nothing and the $4 that you bet is collected. Find the expected payback for this roulette game if you bet $4 on red. The expected payback is S (Round to the nearest cent as needed.)
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