Mathematics, 19.11.2019 03:31 theirishgold42
Aroulette wheel has 38 slots, of which 18 are black, 18 are red, and 2 are green. when the wheel is spun, the ball is equally likely to come to rest in any of the slots. one of the simplest wagers chooses red or black. a bet of $1 on red returns $2 if the ball lands in a red slot. otherwise, the player loses his dollar when gamblers bet on red or black, the two green slots belong to the house. because the probability of winning $2 is 18/38, the mean payoff from a $1 bet is twice 18/38, or 94.7 cents. explain what the law of large numbers tells us about what will happen if a gambler makes very many bets on red.
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Aroulette wheel has 38 slots, of which 18 are black, 18 are red, and 2 are green. when the wheel is...
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