What is the probability of the gambler winning the next hand

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Reference no: EM131429836

A gambler is playing a card game where the known probability of winning is .40 (win 40% of the time). The gambler has just lost 10 consecutive hands. What is the probability of the gambler winning the next hand?

a. Less than .40

b. Equal to .40

c. Greater than .40

d. Cannot be determined without observing the gambler

Reference no: EM131429836

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