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Mathematics, 10.07.2019 04:30 mrsburrus

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) i the ball comes to rest on black, otherwise (f the ball lands on red. 0, or 00), the 51 bet is lost. one option in a roulette game is to bet $12 on red. if the ball lands on red, you get to keep the $12 you paid to play the game, and you are awarded $13 if the ball lands elsewhere, you are awarded nothing. and the $12 that you bet is collected. what is the expected value of the game? the expected value for playing roulette if you bet $12 on red is approximately s (round to the nearest cent as needed.)

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