a gambler began playing blackjack with $110 in chip.After exactly 12 hands, he left the table with $320 in chip, having won some hands and lost others each win earns 100 and each loss cost 10 ( dollars). haw many possible outcomes were there for the first 5 hands he played?
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Given:
The gambler:
Started with $110
Left with $320
Thus, he in 12 hands won:
That is:
100W - 10L = 210
100W - 10(12-W) = 210
Note: Wins + Loss = 12
That is: W = 3
So:
Out of 12 hands, the gambler won 3 hands and lost 9.
Now:
For the first 5 hands played, there could be the following outcomes:
(i) WWWLL = 5!/(3!2!) = 10 ways
For example:
WWWLL, WWLWL, WLWWL, ... And so on.
(ii) WWLLL = 5!/(3!2!) = 10 ways
(iii) WLLLL = 5!/(4!1!) = 5 ways
(iv) LLLLL = Only 1 way
Total:
= 10 + 10 + 5 + 1
= 20 + 6
= 26
Final answer: 26 ways
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