Homework Help: math

Posted by steve on Thursday, December 18, 2008 at 3:30pm.

in a game of roulette, there are 18 red numbers, 18 black numbers, and 2 green numbers. you may bet on red or black, but not green. if you win a $1 bet on the color, the house pays you $1. what is the expected value of each $1 you play at this game

math - bobpursley, Thursday, December 18, 2008 at 4:18pm
expected value:

1(36/38) . So you lose money.

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