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November 5th, 2007, 06:00 PM  #1 
Newbie Joined: Oct 2007 Posts: 17 Thanks: 0  Probability Distribution 
November 5th, 2007, 06:39 PM  #2 
Global Moderator Joined: Nov 2006 From: UTC 5 Posts: 16,046 Thanks: 937 Math Focus: Number theory, computational mathematics, combinatorics, FOM, symbolic logic, TCS, algorithms 
Chance of 3: 1/4 Payoff for 3: $2 Chance of non3: 3/4 Payoff for non3: $2 Expected return: 1/4 * $2 + 3/4 * $2 These values are for the player. For the house, reverse the sign for each dollar amount. 
November 5th, 2007, 08:53 PM  #3  
Newbie Joined: Oct 2007 Posts: 17 Thanks: 0 
Thanks CR as always How accurate are these results Quote:
 
November 5th, 2007, 08:56 PM  #4  
Global Moderator Joined: Nov 2006 From: UTC 5 Posts: 16,046 Thanks: 937 Math Focus: Number theory, computational mathematics, combinatorics, FOM, symbolic logic, TCS, algorithms  Quote:
Perfectly, of course.  

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