(Solved): 18 In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored r ...

18 In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is 37' that of a black outcome is 18 37. 1 and that of a green outcome is Suppose someone makes a $20 bet on red. Find the expected net winnings for this single bet. Interpret the result. 37 CEE Choose the correct answer below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) OA. On average, a person is expected to win dollars for any bet on the roulette wheel. OB. If the $20 bet on red was placed a very large number of times, the average winnings would be OC. A person will win dollars every time a $20 bet was placed on red. OD. If the $20 bet on red was placed a very large number of times, the bettor would win a total of dollars per bet. dollars. In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is \( \frac{18}{37} \), that of a black outcome is \( \frac{18}{37} \), and that of a green outcome is \( \frac{1}{37} \). Suppose someone makes a \( \$ 20 \) bet on black. Find the expected net winnings for this single bet. Interpret the result. Choose the correct answer below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) A. On average, a person is expected to win dollars for any bet on the roulette wheel. B. A person will win dollars every time a \( \$ 20 \) bet was placed on black. C. If the \( \$ 20 \) bet on black was placed a very large number of times, the bettor would win a total of dollars. D. If the \( \$ 20 \) bet on black was placed a very large number of times, the average winnings would be dollars per bet.