Do some research on Keno probabilities. Write a paper on playing Keno.
Reference:
Karl J. Smith, “Keno Expectation,” Two-Year College Mathematics Journal, Vol. 3, No. 2,Fall 1972.
Consider the following classroom activity. Suppose the … See the whole entry
The questions in this problem are from a study by MacCrimmon, Stanbury, and Wehrung, “Real Money Lotteries: A Study of Ideal Risk, Context Effects, and Simple Processes,” in Cognitive Processes in Choice and Decision Behavior, edited by Thomas … See the whole entry
Videos:
Odds and Probability (time: 2:53)
Conditional Probability (time: 11:07)
… See the whole entry
These sites simulate the birthday problem:
http://www.mste.uiuc.edu/reese/birthday/intro.html#simulation
These sites simulate playing a slot machine.
http://www.thepcmanwebsite.com/media/flash_slots
http://www.freeslots.com/Slot507.htm… See the whole entry
This site (which may too advanced) discusses odds for real world games
http://wizardofodds.com/
This site discusses the odds of gambling:
http://www.pbs.org/wgbh/pages/frontline/shows/gamble/odds/
This site discusses conditional probability and then goes beyond the text’s discussion and discusses Bayes’ Rule.
http://www.stattrek.com/probability/bayes-theorem.aspx… See the whole entry
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