Denote net winnings, Let X denote your net winnings

Denote net winnings

Assignment Help Basic Statistics

Reference no: EM131824461

A roulette wheel has 38 slots numbered 1 through 36 plus 0 and 00. If you bet $1 that an odd number will come up, you win $1 if you are correct and lose $1 otherwise. Let X denote your net winnings (negative for losings) in a single play of this game. Determine E(X) and Var(X).

Reference no: EM131824461

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