One option in a roulette game is to bet $26 on rod (Thore are 18 red compartment

Question

One option in a roulette game is to bet $26 on rod (Thore are 18 red compartments, 18 black compartments, and two compartments that are nelher red nor black.) r the bal lands on red, you get to keep the $26 you paid to play the game and you are awarded $26 tthe bal lands elsewhere, you are awarded nothing and the S76 hat you bet is collected. Find the expecled payback for this rouletile game if you bet $26 on red The expeded payback .ss_h(Rand to the nearest cent as needed) Enter your answer in the answer box 7 8 6 5

Explanation / Answer

Expected Payback = (18/38)*(26)+(20/38)(-26)

= -1.37

So, Expected Payback is -1.37

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