Statistics Through Applications
2nd Edition
ISBN: 9781429219747
Author: Daren S. Starnes, David Moore, Dan Yates
Publisher: Macmillan Higher Education
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Concept explainers
Question
Chapter 8.1, Problem 8.10E
To determine
To explain how did the students use probability to get an edge on the casinos.
Expert Solution & Answer
Explanation of Solution
The group of MIT students beat the casinos at blackjack by using card counting.
Card counting means that you keep track of all cards played. Then you know which cards are remaining in the deck of cards and which cards are most likely to be played in the next hand.
Making a large bet at the right time will then result in a large win.
Chapter 8 Solutions
Statistics Through Applications
Ch. 8.1 - Prob. 8.1ECh. 8.1 - Prob. 8.2ECh. 8.1 - Prob. 8.3ECh. 8.1 - Prob. 8.4ECh. 8.1 - Prob. 8.5ECh. 8.1 - Prob. 8.6ECh. 8.1 - Prob. 8.7ECh. 8.1 - Prob. 8.8ECh. 8.1 - Prob. 8.9ECh. 8.1 - Prob. 8.10E
Ch. 8.1 - Prob. 8.11ECh. 8.1 - Prob. 8.12ECh. 8.1 - Prob. 8.13ECh. 8.1 - Prob. 8.14ECh. 8.1 - Prob. 8.15ECh. 8.1 - Prob. 8.16ECh. 8.1 - Prob. 8.17ECh. 8.1 - Prob. 8.18ECh. 8.1 - Prob. 8.19ECh. 8.1 - Prob. 8.20ECh. 8.1 - Prob. 8.21ECh. 8.1 - Prob. 8.22ECh. 8.1 - Prob. 8.23ECh. 8.1 - Prob. 8.24ECh. 8.1 - Prob. 8.25ECh. 8.1 - Prob. 8.26ECh. 8.2 - Prob. 8.27ECh. 8.2 - Prob. 8.28ECh. 8.2 - Prob. 8.29ECh. 8.2 - Prob. 8.30ECh. 8.2 - Prob. 8.31ECh. 8.2 - Prob. 8.32ECh. 8.2 - Prob. 8.33ECh. 8.2 - Prob. 8.34ECh. 8.2 - Prob. 8.35ECh. 8.2 - Prob. 8.36ECh. 8.2 - Prob. 8.37ECh. 8.2 - Prob. 8.38ECh. 8.2 - Prob. 8.39ECh. 8.2 - Prob. 8.40ECh. 8.2 - Prob. 8.41ECh. 8.2 - Prob. 8.42ECh. 8.2 - Prob. 8.43ECh. 8.2 - Prob. 8.44ECh. 8.2 - Prob. 8.45ECh. 8.2 - Prob. 8.46ECh. 8.3 - Prob. 8.47ECh. 8.3 - Prob. 8.48ECh. 8.3 - Prob. 8.49ECh. 8.3 - Prob. 8.50ECh. 8.3 - Prob. 8.51ECh. 8.3 - Prob. 8.52ECh. 8.3 - Prob. 8.53ECh. 8.3 - Prob. 8.54ECh. 8.3 - Prob. 8.55ECh. 8.3 - Prob. 8.56ECh. 8.3 - Prob. 8.57ECh. 8.3 - Prob. 8.58ECh. 8.3 - Prob. 8.59ECh. 8.3 - Prob. 8.60ECh. 8.3 - Prob. 8.61ECh. 8.3 - Prob. 8.62ECh. 8.3 - Prob. 8.63ECh. 8.3 - Prob. 8.64ECh. 8.3 - Prob. 8.65ECh. 8.3 - Prob. 8.66ECh. 8 - Prob. 8.67RECh. 8 - Prob. 8.68RECh. 8 - Prob. 8.69RECh. 8 - Prob. 8.70RECh. 8 - Prob. 8.71RECh. 8 - Prob. 8.72RECh. 8 - Prob. 8.73RECh. 8 - Prob. 8.74RECh. 8 - Prob. 8.75RECh. 8 - Prob. 8.76RE
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