Use the formula for expected value to verify your intuition

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Reference no: EM131418110

Roulette and intuition

An American roulette wheel has 38 slots, of which 18 are red, 18 are black, and 2 are green (0 and 00). If you spin the wheel 38 times,

a) Intuitively, how many times would you expect the ball to wind up in a green slot?

b) Use the formula for expected value to verify your intuition.

Reference no: EM131418110

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