
Ben V.
asked 11/02/15Statstics. 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?
More
1 Expert Answer

John W. answered 11/02/15
Tutor
5
(5)
Experienced Teacher, Tutor and Career Businessperson
Despite what you may have read or seen before (a wrong answer has been posted all over the internet), the correct answer is -.26
Still looking for help? Get the right answer, fast.
Ask a question for free
Get a free answer to a quick problem.
Most questions answered within 4 hours.
OR
Find an Online Tutor Now
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.
Dominic S.
11/02/15