Mathematics
Mathematics, 15.02.2020 05:50, coopera1744

The game of European roulette slots: 18 red, 18 black, and I green. A ball is spun onto the wheel and will eventually land ina slot, where each slot has an equal chance of capturing the ball. Gamblers can place bets on red or black. If the ball lands on their color, they double their money. If it lands on another color, thev pean roulette. The game of European roulette lose their money. (a) Suppose you play roulette and bet $3 on a single round. What is the expected value and standard deviation of your total winnings? deviation of your total winnings? of the two games? (b) Suppose you bet $1 in three different rounds. What is the expected value and standard (c) How do your answers to parts (a) and (b) compare? What does this say about the riskiness

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The game of European roulette slots: 18 red, 18 black, and I green. A ball is spun onto the wheel an...

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