Explanation Calculation: Given, The player make his bet by placing his chip at A, which it pays 6 to 1. Since, the roulette wheel has 38 numbers in it, n ( s ) = 38 As the player place the clip at A , the elements of the event of winning the game is given by A = { 1 , 2, 3, 0, 00}, and n ( A ) = 5 Now, the probability of winning the game is given by P ( A ) = n ( A ) n ( S ) P ( A ) = 5 38 The probability of losing the game is given by P ( A ' ) = 1 − P ( A ) = 1 − 5 38 P ( A ' ) = 33 38 Thus, we have Probability Amount to win/lose To win the game 5 38 $ 6

6th Edition

ISBN: 9780134434681

Author: Tom Pirnot

Publisher: PEARSON

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Chapter 13.4, Problem 15E

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The expected value of bet by placing the chip at A.

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The expected value of bet by placing the chip at A.

Solution Summary: The author calculates the expected value of bet by placing the chip at A, which pays 6 to 1. The probability of winning the game is given by A=1, 2, 3, 0, 00

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To find:

The expected value of bet by placing the chip at A.