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July 31, 2015

Homework Help: Statistics

Posted by Jus on Thursday, March 4, 2010 at 9:01am.

An American style roulette wheel has individual compartments for the numbers 1 to 36, plus 0 and 00. If the payoff for a single-number bet is 35:1, what is the expected value of the winnings on any single-number bet?

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