Statistics
posted by Din123 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.
1The chance of coming out ahead is greater with strategy A than with strategy B.
2The chance of making more than $20 is greater with strategy A than with strategy B.
3The chance of losing more than $20 is greater with strategy A than with strategy B.

Select all options.
I checked already.