Introductory Statistics 9th Edition

Published by Wiley
ISBN 10: 1-11905-571-7
ISBN 13: 978-1-11905-571-6

Chapter 6 - Advanced Exercises - Page 264: 6.67

Answer

a. Betting the color will make the gambler win more money than losing b. By using binomial distribution, we found out that betting color will make the gambler lose more money.
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