Determine the probability that he is a winner


Assume that the gambler is playing roulette wheel with 18 black numbers, 18 red numbers as well as 2 uncolored numbers. He likes to bet on red or black numbers (probability of winning is 18/38). Assume gambler's starting capital is $10 and he desires to make $50.

(a) Determine the probability that he is a winner?

(b) Determine the expected number of bets before he reaches either $0 or $50

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Basic Statistics: Determine the probability that he is a winner
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