A tax on stupidity
- Explain the difference between the "odds" of winning
and the "probability" of winning, say in Keno.
- Explain the comments of the cynical mathematician in the
second last paragraph.
- Explain how payoffs are determined from the odds given.
- Do some further research and write a report on how organisations
build a profit factor into their gaming operations.
Where to next?
Index - Related
Index - Chance
and Basic Probability
- Numeracy in the News