Mathematics, 04.08.2020 14:01, patrick171888

A group of patients select from among 38 numbers, with 18 odd numbers (black) and 18 even numbers (red), as well as 0 and 00 (which are green). If a doctor pays $7 that the outcome is an odd
number, the probability of losing the $7 is 20/38 and the probability of winning $14 (for a net gain of
only $7, given you already paid $7) is 18/38
If a doctor pays $7 that the outcome is an odd number, how would you figure out what is the doctors
expected value is?

Answers: 2

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A group of patients select from among 38 numbers, with 18 odd numbers (black) and 18 even numbers (...