[Solved] In the game of roulette, there are 18 red numbers, 18 black numbers, and 2 green numbers on the wheel. Suppose that a gambler bets on the color
Question: In the game of roulette, there are 18 red numbers, 18 black numbers, and 2 green numbers on the wheel. Suppose that a gambler bets on the color red 175 times. We will examine the proportion of times the gambler wins.
- What is the distribution of the sample proportions that are possible?
- Determine the probability that the gambler will win more than 50% of the time
- What is the chance that the gambler’s results will lie within 2% of the expected winning percentage?
- What will be the expected range for the gambler’s winning percentage?
- What could the casino do to increase the chance that the gambler’s winning percentage will fall within 2% of the expected winning percentage?
- If we increased the number of plays to 751, then what is the chance that the gambler will win more than 50% of the time?
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