Ben V.

asked • 11/02/15

Statstics. Can you show me by steps?

In the American version of the Game Roulette, a wheel has 18m black slots, 8 red slots and 2 green slots.  all slots are the same. a person can wager on either red or black. green is reversed for the house. If a player wagers 5$ on either red or black and that color comes up they win 10$ other wise they lose their wager. What is the expected value of playing the game once?

Dominic S.

Are you sure the problem says 18 black slots and 8 red slots? Because an actual roulette wheel has 18 of both, and if it's a different number, then the expected value of playing the game once depends on which color you bet upon.
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11/02/15

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