Mathematics

Dallas Craig

17 October, 10:58

In the game of roulette a metal ball is dropped into a spinning wheel having 38 compartments, 18 of which are red, 18 are black, two are green. suppose we spin the wheel ten consecutive times and let a random variable x be the number of times the metal ball will land on a red color.

Suppose you always bet $5 on red. If red shows up you win $5 otherwise you lose your bet. What is the probability of

A. Making a $30 profit if you bet on ten consecutive spins of the wheel?

B. Breaking even if you bet on 10 consecutive spins

C. Being $5 in deficit if you bet on 10 consecutive spins