Type:
Volume:
29 (3)
Pages:
online
Year:
2007
Publisher:
Teaching Statistics
URL:
http://www.blackwell-synergy.com/toc/test/29/3
Abstract:
This article describes how roulette can be used to teach basic concepts of probability. Various bets are used to illustrate the computation of expected value. A betting system shows variations in patterns that often appear in random events.
The CAUSE Research Group is supported in part by a member initiative grant from the American Statistical Association’s Section on Statistics and Data Science Education