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Mathematics, 10.11.2019 05:31 rebelfighter24ovin5h

An individual uses the following gambling system at las vegas. he bets $ 1 that the roulette wheel will come up red. if he wins, he quits. if he loses then he makes the same bet a second time only this time he bets $ 2; and then regardless of the outcome, quits. assuming that he has a probability of 12 of winning each bet, what is the probability that he goes home a winner? why is this system not used by everyone?

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An individual uses the following gambling system at las vegas. he bets $ 1 that the roulette wheel w...

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