3.36 european roulette. the game of european roulette involves spinning a wheel with 37 slots: 18 red, 18 black, and 1 green. a ball is spun onto the wheel and will eventually land in a slot, where each slot has an equal chance of capturing the ball. gamblers can place bets on red or black. if the ball lands on their color, they double their money. if it lands on another color, they lose their money.

(a) suppose you play roulette and bet $3 on a single round. what is the expected value and standard deviation of your total winnings?
(b) suppose you bet $1 in three different rounds. what is the expected value and standard deviation of your total winnings?
(c) how do your answers to parts (a) and (b) compare? what does this say about the riskiness of the two games?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?

Which of the following occupations relate to a skill category of words and literacy