Post a New Question

Statistics

posted by on .

In roulette, the bet on a “split” pays 17 to 1 and there are 2 chances in 38 to win. The bet on “red” pays 1 to 1 and there are 18 chances in 38 to win. Compare the following two strategies:

A: bet $1 200 times (independently) on a split

B: bet $1 200 times independently on red

In what follows, “making more than $x” means having a net gain of more than $x; “losing more than $x” means having a net gain of less than -$x.
Pick all that are correct.

1-The chance of coming out ahead is greater with strategy A than with strategy B.
2-The chance of making more than $20 is greater with strategy A than with strategy B.
3-The chance of losing more than $20 is greater with strategy A than with strategy B.

  • Statistics - ,

    Select all options.
    I checked already.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question