Negative Binomial - Properties Example: Roulette has 38 slots that the ball can fall into. 18 are black, 18 are red, and 2 are green. Suppose you sit down at the table and bet on red until you've won 3 times. Whenever your bet wins, you win the amount that you wagered. Assuming you bet the

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 7ECP: You draw one card at random from a standard deck of 52 playing cards. What is the probability that...
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Negative Binomial - Properties Example: Roulette has 38 slots that the ball can fall into. 18 are black, 18 are red, and 2 are green. Suppose you sit down at the table and bet on red until you've won 3 times. Whenever your bet wins, you win the amount that you wagered. Assuming you bet the same amount each time, what is the probability that you will lose money in this experiment?
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