Mathematics, 19.11.2019 01:31, kimseokjin92

The game of european roulette involves spinning a wheel with 37 slots: 18 red,18 black, and 1 green. a ball is spun onto the wheel and will eventually land in a slot, where each slot hasan equal chance of capturing the ball. gamblers can place bets on red or black. if the ball lands on theircolor, they double their money. if it lands on another color, they lose their money.(a) suppose you play roulette and bet$3 on a single round. what is the expected value and standarddeviation of your total winnings? (b) suppose you bet$1 in three different rounds. what is the expected value and standard deviation ofyour total winnings? (c) how do your answers to parts (a) and (b) compare? what does this say about the riskiness of the twogames?

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The game of european roulette involves spinning a wheel with 37 slots: 18 red,18 black, and 1 green...