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Determining the chance of winning a bet

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Reference no: EM131809807

Question: The chance of winning a bet on 00 at roulette is 1/38 = 0.026315. in 325 bets on 00 at roulette, the chance of six wins is 0.104840. Use this fact, and consideration of odds rations, to answer the following questions without long calculations.

a) What is the most likely number of wins in 325 bets on 00, bets on 00, and what is its probability?

b) Find the chance of ten wins in 325 bets on 00.

c) Find the chance of ten wins in 326 bets on 00.

Reference no: EM131809807

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