Referencing Styles: Not Selected 1)    In Roulette there are 38 numbers to choose from, i.e., 00, 0 1,2,3,…36. Suppose you bet $25.00 on the number 23 where the payoff is 35 to 1. What is your expected gain or expected loss? Note: In roulette your money is not taken unless you lose> 2)    A truck has a shipment of 300 I-phones. If there are 7 defective I-phones on the truck, what is the probability of picking 10  I-phones at random and getting 1 defective I-phone? 3)    In a reverse raffle conducted to benefit a local charity, 100 tickets are sold Read More …