Negative Binomial - Properties Example: Roulette has 38 slots that the ball can fall into. 18 are black, 18 are red, and 2 are green. Suppose you sit down at the table and bet on red until you've won 3 times. Whenever your bet wins, you win the amount that you wagered. Assuming you bet the

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Negative Binomial - Properties Example: Roulette has 38 slots that the ball can fall into. 18 are black, 18 are red, and 2 are green. Suppose you sit down at the table and bet on red until you've won 3 times. Whenever your bet wins, you win the amount that you wagered. Assuming you bet the same amount each time, what is the probability that you will lose money in this experiment?
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