8 In roulette a ball is dropped onto a spinning wheel The

Last updated: 4/26/2023

8 In roulette a ball is dropped onto a spinning wheel The ball is equally likely to land on any of the wheel s 38 spaces 18 spaces are red 18 are black and 2 are green You place a 10 bet on red If the ball lands on a black or green space you lose your bet If it lands on a red space you keep your 10 bet and win another 10 What is the expected value of your bet Explain