An individual uses the following gambling system at Las Vegas. He bets $1 that the roulette wheel will come up red. If he wins, he quits. If he loses then he makes the same bet a second time only this time he bets $2; and then regardless of the outcome, quits. Assuming that he has a probability of 1 2 of winning each 16 Introduction to Probability Models bet, what is the probability that he goes home a winner? Why is this system not used by everyone?
Answers
Answered by
1
Answer:
$56
Step-by-step explanation:
@-#+$+$++$+288@8#72-2⁶⅞±⅚#!$-$++№
Answered by
0
3/4. If he wins, he only wins $1, while if he loses, he
loses $3
Similar questions