Gambling, Advanced Statistics

It is the art of attempting to exchange something quite small and certain, for something which are large and uncertain. Gambling is big business; in the US, for instance, it is at least a $40-billion-a-year industry. The popular forms of gambling are basically national lotteries, roulette and horse racing. For these (and diffrenent types of gambling) it is relatively simple to apply statistical methods or techniques to discover the chances of winning, but in no form of gambling does the statistical analysis increase your chances of winning.

Posted Date: 7/28/2012 3:46:25 AM | Location : United States







Related Discussions:- Gambling, Assignment Help, Ask Question on Gambling, Get Answer, Expert's Help, Gambling Discussions

Write discussion on Gambling
Your posts are moderated
Related Questions
Kaiser's rule is theĀ  rule frequently used in the principal components analysis for selecting the suitable the number of components. When the components are derived from correlati

The act of combining data from heterogeneous sources with the intent of extracting information that would not be available for any single source in isolation. An example is the com

This is acronym for the Epidemiological, Graphics, Estimation and Testing of the program developed for the analysis of the data from studies in epidemiology. It can be made in use

Household interview surveys : The surveys in which the primary sampling units are typically geographic regions such as nations or cities. For each such unit sampled, there are addi

Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the doo

Difference between tretment design and experimental design

Nearest-neighbour methods are the methods of discriminant analysis are based on studying the training set subjects much similar to the subject to be classified. Classification mig

The interplay of the genes and environment on, for instance, the risk of disease. The term represents the step away from the argument as to whether the nature or nurture is the pre

Odds ratio is the ratio of the odds for the binary variable in two groups of the subjects, such as, males and females. If the two possible states of variable are labeled as 'succe

Influence statistics: The range of statistics designed to assess the effect or the in?uence of an observation in determining results of the regression analysis. The general approa