(a) Explain how to redistribute chips among the stacks until they are at the same level.
(b) How does this relate to the mean?
(c) If a stock gains 50 percent one year and then loses 50 percent of its value the next year, is it accurate to say that its mean growth over the full two-year period was (50 + −50)/2 = 0%? Explain.
This question was asked on Jan 29, 2013 and answered on Jan 29, 2013.
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