Question

Using the biased wheel, "Tisch 1", it was determined that the probability for one of the numbers was about 0.03776, which is higher than normal. Suppose you bet on this number for 36 rounds. Use this probability to fill in the blanks in the biased wheel column. (Round your answers to four significant figures.) X, the Number of Winning Rounds Net Profit from X Wins Probability of X Wins with Biased Wheel 0 −$36 1 $0 2 $36 3 $72 ... ... ... 36 $1,260

Answer 1

for aove is a binomial distribution probabiltiy of x winning P(X=x)=

hence below is table

x	profit from x win	probability
0	-36	0.2502
1	0	0.3534
2	36	0.2427
3	72	0.1079
4	108	0.0349
5	144	0.0088
6	180	0.0018
7	216	0.0003
8	252	0.0000
9	288	0.0000
10	324	0.0000
11	360	0.0000
12	396	0.0000
13	432	0.0000
14	468	0.0000
15	504	0.0000
16	540	0.0000
17	576	0.0000
18	612	0.0000
19	648	0.0000
20	684	0.0000
21	720	0.0000
22	756	0.0000
23	792	0.0000
24	828	0.0000
25	864	0.0000
26	900	0.0000
27	936	0.0000
28	972	0.0000
29	1008	0.0000
30	1044	0.0000
31	1080	0.0000
32	1116	0.0000
33	1152	0.0000
34	1188	0.0000
35	1224	0.0000
36	1260	0.0000