In the American Version of the Game Roulette, a Wheel

question 100

Multiple Choice

In the American version of the Game Roulette, a wheel has 18 black slots, 8 red slots and 2 green slots. All slotsare the same size. In a carnival game, a person wagers $2 on the roll of two dice. A person can wager on eitherred or black. Green is reserved for the house. If a player wagers $5 on either red or black and that color comesup, they win $10 otherwise they lose their wager. What is the expected value of playing the game once?

• A) -$0.26
• B) -$0.50
• C) $0.26
• D) $0.50

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Definitions:

Supplemental Security Income

A United States government program that provides financial assistance to individuals who are elderly, blind, or disabled and have little or no income.

TANF

Stands for Temporary Assistance for Needy Families, a federal assistance program designed to help families in need achieve self-sufficiency.

Subsidized Health Insurance

Subsidized health insurance is a health policy for which a government or organization bears a portion of the cost, making it more affordable for the insured.

Medicare

A federal program providing health insurance to people over 65 and certain younger people with disabilities.