Answer:
Step-by-step explanation:
There are 44 slots with numbers 0 , 00 , 1 ,2 ...42
Bet is placed for an odd number
Total odd numbers are = 1,3,...41 = 21
Total numbers = 44
a) Probability of winning=n(odd numbers)/total numbers
= [tex]\frac{21}{44} \\=0.4773[/tex]
b) Actual odds against winning = [tex]\frac{0.4773}{1-0.4773} \\=0.9131[/tex]
c) Pay off odds are 1:1.
So profit if we bet 14 dollars = 14 (0.9131) = 12.7833
d) If pay off is the same as 0.4773:0.5227=0.9131:1
Profit would be =[tex]0.9131*0.9131=\\0.8338[/tex]
