From: Lee Daniel Crocker (lcrocker@mercury.colossus.net)
Date: Fri Oct 29 1999 - 12:04:25 MDT
> Lee, I agree wholeheartedly I will even share the bank with you but
> please explain the math. The bet is $100 to 0.10 cents where does the
> 0.24 cents come from?.........Murray
Actually, it comes from me sloppily rounding off in my head...it's
really 0.225 cents. Ten flipped coins will land all heads one time
out of 2^10 trials, or 1 in 1024. So on the average, every 1024
times I make the bet, I'll earn 1023 dimes ($102.30), and pay out
$100 once, for $2.30 profit. $2.30 profit over 1024 trials is
0.225 cents per trial.
-- Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com/lcrocker.html> "All inventions or works of authorship original to me, herein and past, are placed irrevocably in the public domain, and may be used or modified for any purpose, without permission, attribution, or notification."--LDC
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