It's been a long time since I scraped through my probability and stats class in college... There is a time-killing dice game a friend (seems to have) invented: You start with a pool 10 6-sided ...
Let's say I roll two dice, a d8 and a d12… How do I calculate the probability that the d12 will a) win, b) be equal, c) lose? There is probably a name for this equation, but my google-fu is lacking.
Ben Newell receives funding from the Australian Research Council. The answer in both cases – the single roll and the 6 rolls - is always to predict red, the dominant colour. But I am prepared to bet ...
Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...