Winning at Roulette Marc Taylor plans to place 200 bets of $1 each on the number 7
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Winning at Roulette Marc Taylor plans to place 200 bets of $1 each on the number 7 at roulette. A win pays off with odds of 35:1 and, on any one spin, there is a probability of 1 38 that 7 will be the winning number. Among the 200 bets, what is the minimum number of wins needed for Marc to make a profit? Estimate the probability that Marc will make a profit.
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