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An American roulette wheel contains 38 numbers.  2 are green, 18 are red, and 18 are black....

An American roulette wheel contains 38 numbers.  2 are green, 18 are red, and 18 are black. Spin the wheel, and the little ball is equally likely to land on any of the numbers. Suppose you bet $1 on black. If the ball lands on a black number you win $1. If it doesn't you don't get anything. The probability of landing on a black space is 18/38 or 0.474. Find the expected value of your money after the one play described above.

Math   Statistics-And-Probability   
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Answer #1

This numerical is based on the Bernoulli distribution in which expected value have to find out ,we shall find it as

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