Consider the following scenario.
the three-number bet
(a) Find the expected value of each $1 bet in roulette. (Round your answer to three decimal places.)
dollars
(b) Use the Law of Large Numbers to interpret it. (Round your answer to one decimal place.)
Over time, you should expect to lose about cents for every dollar you bet.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
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