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Mathematics, 20.12.2019 19:31 19thomasar

Exercise 9.4. the european style roulette wheel has the following probabilities: a red number appears with probability 18/37, a black number appears with probability 18/37 , and a green number appears with probability 1/37. ben bets exactly $1 on black each round. explain why this is not a good long-term strategy?

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