20. A gambling book recommends the following winning strategy for the game of roulette. It recommends that
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20. A gambling book recommends the following "winning strategy" for the game of roulette. It recommends that a gambler bet $1 on red. If red appears
(which has probability $\frac{18}{38}$), then the gambler should take her $1 profit and quit. If the gambler loses this bet (which has probability $\frac{20}{38}$ of occurring), she should make additional $1 bets on red on each of the next two spins of the roulette wheel and then quit. Let X denote the gambler's winnings when she quits.
(a) Find P{X > 0).
(b) Are you convinced that the strategy is indeed a "winning" strategy?
Explain your answer!
(c) Find E[X].
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