Problem

In Exercises 50–52, find (a) the probability and (b) the odds of winning the following b...

In Exercises 50–52, find (a) the probability and (b) the odds of winning the following bets in roulette. In finding the odds, use the formula developed in Exercise 49. Also, (c) use the Law of Large Numbers to interpret both the probability and the odds.

the high-number bet

(Reference Exercise 49)

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Solutions For Problems in Chapter 3.2

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