Roulette Expectation. A standard roulette wheel has 38 numbered spaces for a sma

Apr 21st, 2015
Price: $5 USD

Question description

A standard roulette wheel has 38 numbered spaces for a small ball to land in: 36 are marked from 1 to 36, half black and half red, 0 and 00 are green. If you bet $100 on a particular number and the ball lands on that number, you are paid a whopping $3600. What is the expected value of betting $100 on red 9? Explain your reasoning.

Tutor Answer

(Top Tutor) Daniel C.
School: University of Maryland

Studypool has helped 1,244,100 students

Review from our student for this Answer

Apr 21st, 2015
"Outstanding Job!!!!"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors