Write the hourly wage 15 dollars an hour as a fraction
1 answer:
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Answer:
Lose $0.05
Step-by-step explanation:
There are 38 possible spots on the roulette wheel (numbers 1 to 36, 0 and 00).
If the player can choose four numbers on single $1 bet, his chances of winning (W) and losing (L) are as follows:
The expected value of the bet is given by the probability of winning multiplied by the payout ($8), minus the probability of losing multiplied by the bet cost ($1)
On each bet, the player is expected to lose 5 cents ($0.05).