Mathematics, 09.02.2021 07:18
One option and a roulette game is to bet five dollars on red. (they are 18 red compartments, 18 black compartments, and two compartments that are neither read nor black.) if the ball lands on red, you get to keep the five dollars you paid to play the game and you are awarded five dollars. If the ball lands elsewhere you are awarded nothing in the five dollars that you bet is collected. What is the expected value for playing roulette if you bet five dollars on red?