In the bet on a “single number” at roulette, there is chance 1/38 of winning. The bet pays 35 to 1; you can take this to mean that if you win the bet, your net gain is $35, and if you lose the bet then you lose $1 (that is, your net gain is -$1). Suppose you bet repeatedly on a single number; assume that the bets are independent of each other. Find the expected value of your net gain from 38 bets.

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

you will expect a net loss of 2 dollars on 38 bets

thumbs up for you man !

Looking for something else?

Not the answer you are looking for? Search for more explanations.

## More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.