a. (5 points) Let’s assume that over the course of a day you put up a total amount of $1000 in bets. Now, you know that you don’
t have perfect strategy, so you decide to split up your time by playing Baccarat, American Roulette, and the slot machines. Let’s assume that you placed 20% of your bets playing Baccarat, 30% of your bets playing American Roulette, and then placed the final 50% of your bets playing the slot machines while seated emotionlessly in the smoky, sad purgatory that is a traditional casino slot machine aisle. At the end of this bleak day, mathematically, how much money should you expect to lose/win? How should this be interpreted? Show all of your work and explain your interpretation.
