If the net payoff net gain is 35 dollars for each dollar

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Reference no: EM13627274

In the Movie Casablanca, Rick played by Humpy Bogart, helped a married couple by allowing the husband to win at the Roulette table when he bet on the number 22, 3 times in a row.

Assume the Roulette table contained a rotating wheel with 38 slots, numbered 1 through 38, and the rolling ball was equally likely to land on any one of the 38 slots.

What is the Probability of the number 22 randomly coming up 3 times in a row?

If the net payoff (net gain) is 35 dollars for each dollar bet how much money would the husband win if he bet $10.00 on the first roll and left his winning on the number 22 for the next two spins?

Reference no: EM13627274

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