A roulette wheel has 34 slots, 2 of which are green, 16 are red, and 16 are black. A successful bet on black or red doubles the money, whereas one on green fetches 30 times as much. If you play the game once by betting $5 on the black, what is the probability that:
(a) You will lose your $5?
(b) You will win $5?
This question was answered on: Jul 11, 2017
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