Chapter Assignment 10
![[Chapter Assignment 10]](images/cal-assignment.png "Chapter Assignment 10")
Chapter Assignment 10
For this Chapter Assignment, you will be calculating expected payouts for the several bets on an American roulette table, pictured below.
![[roulette table]](chapterAssns/americanRouletteWheel.jpeg)
For each of the following bets, calculate the expected value of a $1.00 bet. The first one is done for you.
| Bet | Probability | Payout |
|---|---|---|
| One Number | $35 + 1 | |
| Two Numbers | $17 + 1 | |
| Thee Numbers | $11 + 1 | |
| Four Numbers | $8 + 1 | |
| Six Numbers | $5 + 1 | |
| Twelve Numbers | $2 + 1 | |
| Eighteen Numbers | $1 + 1 |
Exemplar to Follow
So that you know what each part of this assignment should look like, here is an example for you to follow.
| E[One Number] | = (1/38)36 + 37/38(0) − 1 |
| = 36/38 + 0 − 1 | |
| = -2/38 | |
| The expected value of a $1.00 bet on a single number is -$0.05. | |
Note the work is shown and the conclusion is fully written. You need to do this, too, for each of the seven bets. Remember that you need to type this assignment and make it look good.