please show work to understand :)   Suppose I bet $10 on the four numbers 23, 24, 26, and 27 in roulette, and I play 100 times. (a) Write down the box model for net gain.  (b) What is the expected value of the net gain AND what is the standard error of the net gain? (c) What is the chance I win more than $100 AND what is the chance I lose more than $100?

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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please show work to understand :)

 

Suppose I bet $10 on the four numbers 23, 24, 26, and 27 in roulette, and I play 100 times.

(a) Write down the box model for net gain. 






(b) What is the expected value of the net gain AND what is the standard error of the net gain?





(c) What is the chance I win more than $100 AND what is the chance I lose more than $100? 

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