Find the expected value of the winnings

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Reference no: EM131559426

Qusetion: ROULETTE In American roulette, as described in Example 6, a player may bet on a split (two adjacent numbers). In this case, if the player bets $1 and either number comes up, the player wins $17 and gets his $1 back. If neither comes up, he loses his $1 bet. Find the expected value of the winnings on a $1 bet placed on a split.

Reference no: EM131559426

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