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

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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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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