Abet in roulette has a probability of 18/38 of winning. if you win, you double your money. you can bet anywhere from $1 to $100 on each spin. a. suppose you have $10, and are going to play until you go broke or have $20. what is your best strategy for playing? explain using information you learned in this module's material, such as expected value. b. suppose you have $10, and are going to play until you go broke or have $30. what is your best strategy for playing?

Acaterer knows he will need 60, 50, 80, 40 and 50 dinner napkins on five successive evenings. he can purchase new napkins initially at 25 cents each, after which he can have dirty napkins laundered by a fast one-day laundry service (i.e., dirty napkins given at the end of the day will be ready for use the following day) at 15 cents each, or by a slow two-day service at 8 cents each or both. the caterer wants to know how many napkins he should purchase initially and how many dirty napkins should be laundered by fast and slow service on each of the days in order to minimize his total costs. formulate the caterer’s problem as a linear program as follows (you must state any assumptions you make): a. define all variables clearly. how many are there? b. write out the constraints that must be satisfied, briefly explaining each. (do not simplify.) write out the objective function to be minimized. (do not simplify.)