A modified roulette wheel has 44 slots One slot is 0 another is 00 and...
70.2K
Verified Solution
Link Copied!
Question
Statistics
A modified roulette wheel has 44 slots One slot is 0 another is 00 and the others are numbered 1 through 42 respectively You are placing a bet that the outcome is an odd number In roulette 0 and 00 are neither odd nor even Type an integer or a simplified fraction b What are the actual odds against winning The actual odds against winning are 23 21 c When you bet that the outcome is an odd number the payoff odds are 1 1 How much profit do you make if you bet 19 and win If you win the payoff is 19 d How much profit should you make on the 19 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning s Round to the nearest cent as needed
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
