Question
upstudy study bank question image url

In American roulette, the wheel contains the numbers 1 through 36 , alternating between black and red. There are two green spaces numbered 0 and 00 . A player places a bet of \( \$ 1.75 \) on red to play the game. If the ball lands on red, the player gets a \( \$ 1.75 \) for winning and receives the money back. If the ball does not land on red, then the player simply loses the \( \$ 1.75 \) placed on the bet. If the player places the same bet on red 7 times, what is the player's expected winnings? Multiply each pair of values together and add the products to find the player's expected winnings. E(winnings \( )=\frac{9}{19}(\$ 1.75)+\frac{10}{19}(-\$ 1.75) \approx-\$ 0.09 \) Identify the possible outcomes of random variable \( W \) with respective probabilities of occurring \( P(W) \) Write the probability of the ball landing on a red pocket; make sure to

Ask by Martinez Lindsey. in the United States
Feb 21,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

After placing the same bet on red 7 times, the player's expected winnings are approximately a loss of \$0.64.

Solution

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Answered by UpStudy AI and reviewed by a Professional Tutor

Extra Insights

In American roulette, there are 18 red numbers, 18 black numbers, and 2 green spots (0 and 00) on the wheel. Therefore, the total number of slots is 38. This leads to the probability of landing on a red pocket being \( P(Red) = \frac{18}{38} \approx 0.474 \) and the probability of not landing on red, which includes black and green, being \( P(Not Red) = \frac{20}{38} \approx 0.526 \). Now, if you place the same bet of \( \$1.75 \) on red for 7 times, you're not just playing one round but embracing an adventure with every spin! Each time you win, you earn back your bet plus the winnings, but if you lose, that bet adds up to your total losses. Your combined winnings can be expressed using expected values and probabilities, giving you insight into the thrill of the game while keeping in mind that the odds are truly against a player over time!

Related Questions

Latest Probability Questions

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy