Consider the following scenario.
the three-number bet
(a) Find the expected value of each $1 bet in roulette. (Round your answer to three decimal places.)
0.05
dollars
(b) Interpret it. (Round your answer to one decimal place.)
Over time, you should expect to lose about
cents for every dollar you bet.

for the points! : )

85.560%

step-by-step explanation:

conditional probability is defined as:

p(a|b) = p(a∩b) / p(b)

in other words, the probability that a occurs, given that b has occurred = the probability that both a and b occur / the probability that b occurs.

in this example:

p(turns 64 | turns 44) = p(turns 64 & turns 44) / p(turns 44).

if someone turns 64, they must have already turned 44, so:

p(turns 64 | turns 44) = p(turns 64) / p(turns 44)

on page 42, we see that of the original 100,000, 94944 turn 44, and 81234 turn 64.   therefore:

p(turns 64 | turns 44) = 81234 / 94944

p(turns 64 | turns 44) = 0.85560

x² + 3x + 7 = 0       [ax² + bx + c]

a = 1

b = 3

c = 7

quadratic formula:

    (+/- is this ±)

plug in the numbers into the variables

your answer is a