Question: Let X be the amount won or lost in betting $5 on red in roulette. Then p x (5) = 18/38 and p x (5)

Let X be the amount won or lost in betting $5 on red in roulette. Then p_x(5) = 18/38 and p_x(−5) = 20/38. If a gambler bets on red one hundred times, use the central limit theorem to estimate the probability that those wagers result in less than $50 in losses.

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