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Please show the MATLAB code, simulation and graph (Screenshots). Thank you 1-10.9 Much of the early interest in probability arose out of a desire to
Please show the MATLAB code, simulation and graph (Screenshots). Thank you
1-10.9 Much of the early interest in probability arose out of a desire to predict the results of various gambling games. One such game is roulette in which a wheel is divided into a number of separate compartments and a small ball is caused to spin around the wheel with bets placed as to which compartment it will fall into. A typical roulette wheel has 38 compartments numbered 00, 0, 1, 2, ..., 36. Many ways of betting are possible; however, only one will be considered here; viz., betting that the number will be either odd or even. The bettor can win only with numbers 1-36, the 0 and 00 are automatic house wins. Many schemes have been devised to beat the house. The most common one is to double your bet when a loss occurs and keep it constant when you win. To test this system the following MATLAB M-file was written to simulate a series of bets using this system. (See Appendix G for a discussion of MATLAB.)Step by Step Solution
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