A Special Roulette Wheel, Which Has an Equal Number of Red

question 49

Multiple Choice

A special roulette wheel, which has an equal number of red and black spots, has come up red four times in a row. Assuming that the roulette wheel is fair, what concept allows a player to know that the probability the next spin of the wheel will come up black is 0.5?

• A) Concept of independent events
• B) Concept of mutually exclusive events
• C) Concept of dependent events
• D) Concept of mutually inclusive events

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Definitions:

Homemade Dividend

A strategy whereby investors sell a portion of their portfolio to create cash flow, mimicking the effect of dividend payments.

Dividend Per Share

The amount of dividend that a company pays out for each share of its stock over a specified period.