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ASAP please!! An American roulette wheel contains 38 slots. Eighteen of the slots are colored red and eighteen
are colored black. The remaining two slots are colored green. A ball is spun on the wheel and comes
to rest in one of the 38 slots. If you bet $1 on the color red and win, the house pays you $1 (even
money).
What is the expected value of betting on red?
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