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Business, 01.07.2019 21:30 hjamileth77

In roulette, the numbers from 1 to 36 are evenly distributed between red and black. a player who bets $1 on black wins $1 (and gets the $1 bet back) if the ball comes to rest on black; otherwise (if the ball lands on red, 0, or 00), the $1 bet is lost. one option in a roulette game is to bet $ 13 on red. if the ball lands on red, you get to keep the $ 13 you paid to play the game, and you are awarded $14. if the ball lands elsewhere, you are awarded nothing, and the $ 13 that you bet is collected. what is the expected value of the game? the expected value for playing roulette if you bet $ 13 on red is approximately $ nothing. (round to the nearest cent as needed.)

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In roulette, the numbers from 1 to 36 are evenly distributed between red and black. a player who bet...
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