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Helman, Danny – Teaching Statistics: An International Journal for Teachers, 2004
The national lottery is often portrayed as a game of pure chance with no room for strategy. This misperception seems to stem from the application of probability instead of expectancy considerations, and can be utilized to introduce the statistical concept of expectation.
Descriptors: Probability, Expectation, Statistics, Statistical Inference
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Sheldon, Neil – Teaching Statistics: An International Journal for Teachers, 2004
This article introduces the concept of a prediction interval in a gambling context.
Descriptors: Intervals, Prediction, Context Effect, Mathematical Concepts