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Listed under: Mathematics > Statistics and probability > Sampling (Statistics) > Sample space

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What are the odds?

TLF-IDA003532

Students calculate the probability for single-step events using sample spaces.

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In this lesson, students calculate the average expected value of losses on a roulette wheel over time, and use these values to analyse the cost of gambling on these games. They also study the flaws inherent in betting systems to determine whether these systems are weighted in the favour of game operators making a profit. ...