Roulette. An American roulette wheel consists of 38 numbers, of which 18 are red, 18 are black, and 2 are green. When the roulette wheel is spun, the ball is equally likely to land on each of the 38 numbers. A gambler is playing roulette and bets $10 on red each time. If the ball lands on a red number, the gambler wins $10; otherwise, the gambler loses $10. What is the probability that the gambler will be ahead after a. 100 bets? b. 1000 bets? c. 5000 bets? Hint: The gambler will be ahead after a series of bets if and only if he or she has won more than half the bets.)
Roulette. An American roulette wheel consists of 38 numbers, of which 18 are red, 18 are black, and 2 are green. When the roulette wheel is spun, the ball is equally likely to land on each of the 38 numbers. A gambler is playing roulette and bets $10 on red each time. If the ball lands on a red number, the gambler wins $10; otherwise, the gambler loses $10. What is the probability that the gambler will be ahead after a. 100 bets? b. 1000 bets? c. 5000 bets? Hint: The gambler will be ahead after a series of bets if and only if he or she has won more than half the bets.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Roulette. An American roulette wheel consists of 38 numbers, of which 18 are red, 18 are black, and 2 are green. When the roulette wheel is spun, the ball is equally likely to land on each of the 38 numbers. A gambler is playing roulette and bets $10 on red each time. If the ball lands on a red number, the gambler wins $10; otherwise, the gambler loses $10. What is the probability that the gambler will be ahead after
a. 100 bets?
b. 1000 bets?
c. 5000 bets?
Hint: The gambler will be ahead after a series of bets if and only if he or she has won more than half the bets.)
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