A student who likes to gamble wants to build a simulation mo

A student who likes to gamble wants to build a simulation model for playing roulette.

A student who likes to gamble wants to build a simulation model for playing roulette. The student sets up the simulation assuming that the bet is on red. 18 This means the simulation should show a \"win\" with probability . The student proposes to generate random numbers that are either 1 or 2, with a 1 38 representing a \"win\" and a 2 representing a \"loss.\" Is this an appropriate model for this situation?

Solution

For a roulette, ther are 18 red slots, 18 black slots and 2 green slots, so total 38 slots.

If the student bets on red, his probability of winning = no. of red slots / total slots = 18/38

So the simulation model is appropriate.

However, if the student is modelling his return, he should denote win by 2 and loss by 1, as he will get less on losing. Else if he is modelling his loss then the given model is appropriate.