Answer:
0.46875 ; 1.133 ; $17 ;19.27
Step-by-step explanation:
Number of slots = 32
0, 00, {1,.. 30}
Odd outcomes = {1, 3, 5, 7, 9, 11, 13, 15, 17, 19, 21, 23, 25, 27, 29}
1.) probability of winning :
P(winning) = number of odd outcomes / tot possible outcomes
P(winning) = 15 / 32 = 0.46875
2.)
Odds against winning :
Number of losing outcomes / number of winning outcomes
Not odd numbers / odd numbers = 17 /15 = 1.133
C.)
Payoff odd = 1:1
If bet value = $17 ;
Profit made on winning = $17 * 1 = $17
d.)
If Payoff odd = odd against winning = 17 / 15
Profit on $17
17/ 15 * 17
(1.1333333) * 17
= 19.27
;
