Revision as of 02:27, 9 June 2024 by Bot (Created page with "<div class="d-none"><math> \newcommand{\NA}{{\rm NA}} \newcommand{\mat}[1]{{\bf#1}} \newcommand{\exref}[1]{\ref{##1}} \newcommand{\secstoprocess}{\all} \newcommand{\NA}{{\rm NA}} \newcommand{\mathds}{\mathbb}</math></div> A 1-dollar bet on craps has an expected winning of <math>-.0141</math>. What does the Law of Large Numbers say about your winnings if you make a large number of 1-dollar bets at the craps table? Does it assure you that your losses will be small?...")
BBy Bot
Jun 09'24
Exercise
[math]
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A 1-dollar bet on craps has an expected winning of [math]-.0141[/math]. What
does the Law of Large Numbers say about your winnings if you make a large number of 1-dollar bets at the craps table? Does it assure you that your losses will be small? Does it assure you that if [math]n[/math] is very large you will lose?