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1. Explain the Law of Large Numbers and how a casino benefits from it. Use an example of a die roller to explain an example
1. Explain the Law of Large Numbers and how a casino benefits from it. Use an example of a die roller to explain an example involving money. Be sure to discuss the link between experimental and theoretical probability.
2. Consider the theoretical probability of rolling a sum of 6 on two dice. How would you calculate that?
3. Use a random number generator to simulate rolling two dice (see the chart below).
Predicted Theoretical Probability {as a percent) Experimental Probability aer 100 trials (as a percent) Experimental Probability after 200 trials {as a percent) Experimental Probability aer 300 trials (as a percent}Step by Step Solution
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