(Solved): A modified roulette wheel has 32 slots. One slot is 0 , another is 00 , and the others are numbered ...

A modified roulette wheel has 32 slots. One slot is 0 , another is 00 , and the others are numbered 1 through 30 , respectively. You are placing a bet that the outcome is an odd number. (In roulette, 0 and 00 are neither odd nor even.) a. What is your probability of winning? The probability of winning is

(Type an integer or a simplified fraction.) b. What are the actual odds against winning? The actusl odds against winning are

c. When you bet that the outcome is an odd number, the payelf odds are

. How much proft do you make if you bet

and win? If you wh, the payoff is $

d. How much profit should you make on the

bet if you could somehow convince the casino to change its payolt odds so that they are the same as the actual odds against winning?

(Round to the nearest cent as needed.)