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4.) you have 10 $1 chips to play. think of 10 numbers between 00, 0, 1 and 36, a

ID: 3276493 • Letter: 4

Question


4.) you have 10 $1 chips to play. think of 10 numbers between 00, 0, 1 and 36, and then use a random number generator to create a list 10 random numbers between 00, 0, 1 and 36 (how will you distinguish between 0 and 00?). the randomly chosen numbers represent 10 consecutive spins of the roulette wheel. assuming that you played your chosen numbers (straight) in the same consecutive games (in the order listed), how many times did you win? is this what you expected?

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Explanation / Answer

4)

I have chosen the below 10 numbers for each 10 consecutive spins of the roulette wheel.

21, 14, 14, 31, 14, 13, 00, 9, 34, 9

I have randomly generated numbers representing 10 consecutive spins of the roulette wheel. (Using R)

7, 10, 27, 36, 10, 5, 14, 19, 13, 30

None of the times my chosen number matches with the spins of the roulette wheel. So,I have won 0 times.

The expectation of binomial distribution with n spins and probability of winning is n*p.

The total number of numbers = 38

So, the probability of winning of randomly chosen number = 1/38

n = 10

So, the expected number of wins in 10 rollete spins = 10 * (1/38) = 0.2632

So, you will win 0.26 times on average in 10 spins.

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