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The probability of winning at the game craps is 244/495. Find the probability of coming out ahead when you make five individual S1 bets on five games of craps. white ted at
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Answer #1

Solution:

given

Probability of winning at the game = 244 / 495 = 0.4929

number of games to win out of 5 = 5

probability of winning 5 games P(X = 5) = n!/(x!(n-x)!) * P^x * (1-P)^{n-x}

= 5!/(5!(0)!) * P^5 * (1-0.4929)^{0}

= 0.0291

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