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.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 61E
Related questions
Topic Video
Question
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.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 9 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning