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In a Game of Roulette, Jorge Places 170 Bets of $1

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In a game of roulette, Jorge places 170 bets of $1 each on the number 3. A win pays off with odds 35:1 and on any one spin there is a 1/38 probability that 3 will be the winning number. Among the 170 bets, what is the minimum number of wins needed for Jorge to make a profit? Estimate the probability that Jorge will make a profit.


Definitions:

Identical Twin

A type of twin born from the same fertilized egg, sharing identical genetic material, and typically resembling each other very closely.

Proactive Interference

The phenomenon where previously learned information interferes with the retention and recall of more recently learned information.

Occupational Attainment

A term referring to the highest level of educational or professional achievement an individual has accomplished, often used in the context of career development.

Job Performance

The level of effectiveness and efficiency with which an individual fulfills their job responsibilities and duties.

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