Geometric Distribution Probability example question
Consider a roulette wheel consisting of 38 numbers – 1 through 36, 0, and double 0. If Smith always bets that the outcome will be one of the numbers 1 through 12, what is the probability that Smith will lose his first 5 bets? What is the probability that his first win will occur on his fourth bet?
Solution to this Geometric Discrete Random Variable Distribution Probability practice problem is given in the video below!