Posted by kirk on .
On a roulette wheel are 36 slots numbered 1 through 36
and 2 slots numbered 0 and 00. You can bet on a single
number. If the ball lands on your number, you receive
35 chips plus the chip you played.
a. What is the probability that the ball will land on 17?
b. What are the odds against the ball landing on 17?
c. If each chip is worth $1, what is the expected value
for a player who plays the number 17 for a long time?
b. 1 - 1/38 = ?
c. How long?