Solve the Problem $$1 / 38$$ Probability That 3 Will Be the Winning Number

question 186

Multiple Choice

Solve the problem.
-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.

• A) 6; 0.3121
• B) 5: 0.4013
• C) 6; 0.2327
• D) 5; 0.496

---

Definitions:

Attitudinal Structuring

Activities and strategies used in negotiations focusing on managing relationships, trust, and perceptions among parties to achieve mutually beneficial outcomes.

Affinity Method

A technique used in project management and brainstorming that organizes a large amount of data into groups based on their natural relationships.

Collaborative Economic Bargaining

The process where employers and employees negotiate working conditions and terms of employment in a cooperative and mutually beneficial manner.

Costing Methodology

The process or system used to determine the expenses associated with producing a product or providing a service, which can influence pricing, budgeting, and financial analysis.