Table of Contents
Multiplication Rules in Probability Expected Value
Examples
Swedish Parking Example
Ticketed driver claims
Multiplication Rule
The defendant’s calculation
A Family Planning Strategy
Probabilities for each outcome
Probability distribution number of boys
Expected value: The long run mean
Number of boys per family
Distribution of girls per family
Girls per family
“Average” Family
The Basic Principle
A roulette wheel
Bet $1 on a number
Expected value of the bet
Fair Game Definition
Bet $1 on Black Number
Expected value of bet on black |
Author: Bob Heckard
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