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30 December, 15:42

When playing roulette at a casino, a gambler is trying to decide whether to bet $20 on the number 10 or to bet $20 that the outcome is any one of the three possibilities 00 comma 0 comma or 1. The gambler knows that the expected value of the $20 bet for a single number is negative $ 1.05. For the $20 bet that the outcome is 00 comma 0 comma or 1 , there is a probability of StartFraction 3 Over 38 EndFraction

of making a net profit of $80 and a StartFraction 35 Over 38 EndFraction

probability of losing $20.

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  1. 30 December, 17:28
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    1.05" (and any subsequent words) was ignored because we limit queries to 32 words.

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