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Logan C.

asked • 02/21/20

EXPECTED VALUE GAMBLING WHEEL QUESTION

Suppose you bet $1 on red at the roulette wheel. There are 18 red numbers and 20 nonred numbers (including the green 0 and 00). You win $1 if a red number comes up, and you lose $1 if any other number comes up. What is your expected value for this wager? (Round your answer to one decimal place.)

1 Expert Answer

By:

Kevin F. answered • 02/22/20

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Actuarial analyst interested in online math/science tutoring

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