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explain the law of large numbers. how does this law apply to gambling​ casinos
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explain the law of large numbers. how does this law apply to gambling​ casinos

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Video transcript: How does an insurance company decide how much to charge for car insurance? How do casinos set up payout structures to make sure that …

Albert’s friend, Oscar, has designed a game of chance where the probability of losing is 1/4. Nothing can go wrong for Albert with these odds, right?

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