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Find the expected value of the winnings on bet

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Reference no: EM131559430

Qusetion: ROULETTE In European roulette, the wheel is divided into 37 compartments numbered 1 through 36 and 0. (In American roulette there are 38 compartments numbered 1 through 36, 0, and 00.) Find the expected value of the winnings on a $1 bet placed on red in European roulette.

Reference no: EM131559430

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