Course Home x P Do Homework Tysheem Smit x C https hxcomstud

Course Home x P Do Homework Tysheem Smit x C https hx.com/student/PlayerHomework.aspx?homeworkld 403471652&questi; Banushed false&old; 4074657&centerwin; yes Topics in Contemporary Mathematics Tysheem Smith 4 12/8/16 95 Homework: Homework 9 Score: 0 of 1 pt 8 of 17 15 HW Score: 69.129%, 11.75 of X 16.5.66 On an American roulette wheel, there are 18 red IE Question Help plus numbers. 18 black numbers, plus two green numbers (o and oop. you betsNon red, you win $Nifa red number comes up (ie.. you get $2N back-your original be your SN profit), ia black or green number comes up, you lose your sN bet Findthe expected payoff of a $2 bet on red. What is the expected payof for playing roulete if you bet S2 on red? s (Round to the nearest cent) your answer in the answer box and then click Check Answer parts showing

Solution

There are 18 cases in which when we can have red number, and 20 cases where either black or green turns up.

so expected payoff=(18*4+20*0)/38=1.8947=1.90 (nearest cent)