Term
| what three questions should be answered when making a box model |
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Definition
* what numbers go into the box
* how many of each kind
* how many draws |
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Term
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Definition
| the total amount won or lost. it is like the sum of the draws from the box |
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Term
| what is the chance of winning in roulette |
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Definition
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Term
| what is your chance of losing in roulette |
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Definition
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Term
| what do the tickets in the box show |
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Definition
| the various amounts that can be won or lost on a single play |
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Term
| the number of draws equals what |
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Definition
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Term
| the chance of drawing any particular number from the box must what |
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Definition
| it must equal the chance of winning that amount on a single play |
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Term
| there is chance error in the number of heads. what is the formula |
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Definition
| number of heads = half the number of tosses + chance error |
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Term
| can the law of averages be stated in percentage terms? |
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Definition
| yes. with a large number of toisses, the percentage of heads is likely to be close to 50%, although it is not likely to bexactly equal to 50% |
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Term
| for gambling problems ni which the same bet is made several times, a box model should be set up how |
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Definition
* tickets in the box showing amounts that can be won or lost
* chacne of drawing any particular value from the box equals the chance of winning that amount on a single play
* the number of draws equals the number of plays |
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Term
| in terms of heads in the process of tossing a coin repeatedly, chance eror is the amount by which the observed number of heads differs from what |
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Definition
| from half the number of tosses. |
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Term
| in terms of coin tossin, as the number of tosses goes up, the percentage of heads to the number of tosses will approach what percentage |
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Definition
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