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Course Home x P Do Homework Tysheem Smit x C https hx.com/student/PlayerHomework.aspx?homeworkld 403471652&questi; Banushed false&old; 4074657&centerwin; yes Topics in Contemporary Mathematics Tysheem Smith 4 12/8/16 95 Homework: Homework 9 Score: 0 of 1 pt 8 of 17 15 HW Score: 69.129%, 11.75 of X 16.5.66 On an American roulette wheel, there are 18 red IE Question Help plus numbers. 18 black numbers, plus two green numbers (o and oop. you betsNon red, you win $Nifa red number comes up (ie.. you get $2N back-your original be your SN profit), ia black or green number comes up, you lose your sN bet Findthe expected payoff of a $2 bet on red. What is the expected payof for playing roulete if you bet S2 on red? s (Round to the nearest cent) your answer in the answer box and then click Check Answer parts showing

Explanation / Answer

There are 18 cases in which when we can have red number, and 20 cases where either black or green turns up.

so expected payoff=(18*4+20*0)/38=1.8947=1.90 (nearest cent)

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