Chap. 20 - Lecture Notes - SC

# Chap. 20 - Lecture Notes - SC - Review Questions Are the...

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Review Questions Are the following events independent? Flipping a coin multiple times. A. YES B. NO Grade achieved by the same student in English I and English II. A. YES B. NO The sex of a several newborn babies. A. YES B. NO

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Chapter 20 The House Edge: Expected Values
Gambling If you gamble you want to know about how  often you will win, and how much you will win.                                          tell us the proportion  of times of a large number of bets will be  winners. The                                    will tell us only what  will happen (how much we will win) on the  average in very many bets.

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The Tri-State Daily Numbers Pick 3 game.  You pay \$1 and choose a  three digit number.  Then the state  chooses a three digit number (randomly)  and pays you \$500 if they match. So  here is the probability model.
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Chap. 20 - Lecture Notes - SC - Review Questions Are the...

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