Chapter 8.5, Problem 45E

(A)

To determine

To calculate: The net gain or loss of placing a bet of $\text{\$}1$ on number $13$ in each of the $200$ games using the given figure B.

(B)

To determine

The comparison of results of part (A) with the expected value of the game.

(C)

To determine

To calculate: The result of simulation of placing a bet of $\text{\$}1$ on the number $7$ in each of the $500$ games. Compare the results of simulated and expected gain or loss.