A bet on “black” 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.

Which of the following is a cost homeowners insurance does not protect? a. the cost of repair or replacement of a home lost in a natural disaster. b. additional living expenses required while your home is repaired after a disaster. c. replacement costs for all contents in your home, including high cost electronics. d. the cost of medical expenses incurred by somebody getting injured on your property. select the best answer from the choices provided