Someone please help me
1 answer:
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Answer:
You are expected to lose $0.05 (or win -$0.05)
Step-by-step explanation:
Since the roulette wheel has the numbers 1 through 36, 0, and 00, there are 38 possible outcomes.
In this bet, you are allowed to pick 3 out of the 38 numbers. Thus, your chances of winning (P(W)) and losing (P(L)) are:
The expected value of the bet is given by the sum of the product of each outcome pay by its probability. Winning the bet means winning $11 while losing the bet means losing $1. The expected value is:
Therefore, with a $1 bet, you are expected to lose roughly $0.05
Answer:
x = 8
Step-by-step explanation:
Step 1: Subtract 5x from both sides.
Step 2: Add 2 to both sides.
Step 3: Divide both sides by 2.
Step 4: Check if solution is correct.
Therefore, x = 8.