Concept explainers
( A )
To calculate:The probability that the black ball is drawn on the fourth draw and odds for winning if balls are drawn in succession without replacement, until black ball is drawn out of
( B )
To calculate:The amount that the house should pay plus the amount of bet, if the amount of bet for winning when a black ball is drawn on the fourth draw. Also calculate the odds for winning, if balls are drawn in succession without replacement, until a black ball is drawn out of
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Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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