What is the expected value,standard error for the gambler’s net gain?Whats % chance...
...of winning $5-$10 ? A box has three red balls and five green balls. A gambler bets $1 on red. A ball is randomly chosen. The gambler wins $1 if the ball is red; otherwise he loses $1. He will play this game 75 times.
...of winning $5-$10 ? A box has three red balls and five green balls. A gambler bets $1 on red. A ball is randomly chosen. The gambler wins $1 if the ball is red; otherwise he loses $1. He will play this game 75 times.