Question
On a roulette wheel, the probability of winning when
you pick a particular number is . Suppose you bet
$1.00 to play the game, and if your number is picked,
you get back $36.
a. Is this a fair game?
b. What would happen if you played this game a large
number of times?
you pick a particular number is . Suppose you bet
$1.00 to play the game, and if your number is picked,
you get back $36.
a. Is this a fair game?
b. What would happen if you played this game a large
number of times?
Answers
PsyDAG
a. The probability is not posted.
b. If you keep playing, it is most likely that you will lose your winnings back.
b. If you keep playing, it is most likely that you will lose your winnings back.