Steven WeberDept. of ECEDrexel UniversityENGR 361: Statistical Analysis of Engineering Systems (Spring, 2010)Recitation 5 (Friday, April 30)Roulette is a game found in many casinos. The roulette wheel is divided into 38 slots, numbered0,00,1,2,3, . . . ,35,36.Of the numbers1,2,3,4, . . . ,36there are18numbers colored red and18numbers colored black. The two slots num-bered0and00are colored green.To play, the dealer spins the wheel very fast, then drops a small ball onto the wheel, and the wheel comes torest at one of the numbers. While the ball is spinning, gamblers place bets on where the ball will come to rest. Betsinclude the number and color of the final slot, and many others.Our gambler plays roulette with the following strategy. Each time the wheel spins she places a bet that the colorof the final slot is red. Her chance of winning is18/38. She uses the following betting strategy:•She initially bets$1;•After each loss she doubles her bet. Thus if she bet$4 and lost, then her next bet is$8.
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