2. If a gambler makes repeated wagers, each with a probability of winning equal to 0.40, what is
the formula for the probability that they lose their first 5 wagers?

The probability of losing first 5 wagers is (0.6)⁵

Explanation:

The probability of winning = 0.4

The probability of losing = 1 - 0.4

                                      = 0.6

Probability of losing their first 5 wagers = ?

Probability of losing first 5 wagers = (0.6)⁵

Therefore, the probability of losing first 5 wagers is (0.6)⁵

the formula for the probability that they lose their first 5 wagers is   and probability is   .

Step-by-step explanation:

Here we have , If a gambler makes repeated wagers, each with a probability of winning equal to 0.40 , We need to find what is  the formula for the probability that they lose their first 5 wagers . Let's find out:

According to question , Probability of winning is 0.40 , so for losing :

⇒

⇒

Now , Probability that they lose their first 5 wagers is given by :

⇒

⇒

⇒

Therefore , the formula for the probability that they lose their first 5 wagers is   and probability is   .

step-by-step explanation:

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step-by-step explanation: