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Thread: Samples

  1. #1
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    Samples




    Hello,

    maybe there is someone here who can answer the following question because
    I don not understand the basic behind it.

    1. How do I find out which probalitity a single event I'm interested in has (like a flip of a coin) ?

    2. If I know the probability of such an event, let's say 50:50 hai is it possible that
    a sample of such events (say 20 events) have a different probability, e.g. 60:40.

    3. How can a casino make money in the long run, e.g. with a roulette table, if
    someone only bets on black or red ?

    Since I do not have much statistical background I would appreciate an easy to understand answer.

    Thanks !

  2. #2
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    Re: Samples


    3. How can a casino make money in the long run, e.g. with a roulette table, if
    someone only bets on black or red ?
    The 0 is green.

    With kind regards

    K.

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