In American roulette, the wheel contains the numbers 11 through 3636, alternating between black and red. There are two green spaces numbered 00 and 0000. A player places a bet of $0.50$0.50 on red to play the game. If the ball lands on red, the player gets a $0.50$0.50 for winning and receives the money back. If the ball does not land on red, then the player simply loses the $0.50$0.50 placed on the bet. If the player places the same bet on red 99 times, what is the player’s expected winnings? Round your answer to the nearest cent.
In American roulette, the wheel contains the numbers 11 through 3636, alternating between black and red. There are two green spaces numbered 00 and 0000. A player places a bet of $0.50$0.50 on red to play the game. If the ball lands on red, the player gets a $0.50$0.50 for winning and receives the money back. If the ball does not land on red, then the player simply loses the $0.50$0.50 placed on the bet. If the player places the same bet on red 99 times, what is the player’s expected winnings? Round your answer to the nearest cent.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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In American roulette, the wheel contains the numbers 11 through 3636, alternating between black and red. There are two green spaces numbered 00 and 0000. A player places a bet of $0.50$0.50 on red to play the game. If the ball lands on red, the player gets a $0.50$0.50 for winning and receives the money back. If the ball does not land on red, then the player simply loses the $0.50$0.50 placed on the bet. If the player places the same bet on red 99 times, what is the player’s expected winnings? Round your answer to the nearest cent.
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