Miranda S.

# Need help. Show work.

On an American roulette wheel, there are 18 red numbers, 18 black numbers, plus 2 green numbers (0 and 00). If you bet $N on red, you win$N if a red number comes up (i.e., you get $N back - your original bet plus you$N profit.); if a black or green number comes up, you lose you $N bet. Find the expected payoff of a$1 bet on red.

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Need Math, Chemistry, or Economics help? BA ECON/CHEM, MS ECON.

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