A spinner game has a wheel with the numbers zero through 17 marked in equally spaced slots. Consider a $1 bet on a number from 1 to 17. If your number hits, you have $17 returned to you; otherwise, you lose your $1 bet. Find the expected return for this bet. (Round your answer to two decimal places.)

Answer:Expected return for this bet = - $0.06Step-by-step explanation:to find outthe expected return for this betsolutionwe know that Number of slots in the spinner  is Number of slots in the spinner = 0 + 17 = 18 slotsso P for you winning is here  =  [tex]\frac{1}{18}[/tex]andWinning amount is = $17 so we can say that Expected return for this bet is  = Winning amount × P (winning) - Cost of bet  ...............................1put here value we get Expected return for this bet = $17  ×  [tex]\frac{1}{18}[/tex] - 1Expected return for this bet = - $0.06