Answer to Question #32690 in Statistics and Probability for bj

Question #32690
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.
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