Applying Probability in the Casino

A number of casino games are all about probability. In Blackjack, there are rules which you should follow about taking a hit or standing when the dealer is showing a 10.

Assuming that you are only using one deck, and there are only four cards on the table. If you have a 10 and a 7 showing, the dealer has a 10 showing, calculate the probability of the dealer's other card being an 8, 9, or a face card.

Explain why it makes sense to hit on a 16 but to stand on a 17. If the house will stand on a 17 and above, how would you justify this strategy?

Module 6 CT

Criteria

Ratings

Pts

This criterion is linked to a Learning OutcomeRequirements

25 to >20.0 pts Meets Expectation Includes all of the required components, as specified in the assignment.

20 to >15.0 pts Approaches Expectation Includes most of the required components, as specified in the assignment.

15 to >10.0 pts Below Expectation Includes some of the required components, as specified in the assignment.

10 to >0 pts Limited Evidence Includes few of the required components, as specified in the assignment.

25 pts

This criterion is linked to a Learning OutcomeContent

25 to >20.0 pts Meets Expectation Demonstrates strong or adequate knowledge of the materials; correctly represents knowledge from the readings and sources.

20 to >15.0 pts Approaches Expectation Some significant but not major errors or omissions in demonstration of knowledge.

15 to >10.0 pts Below Expectation Major errors or omissions in demonstration of knowledge.

10 to >0 pts Limited Evidence Fails to demonstrate knowledge of the materials.

25 pts

This criterion is linked to a Learning OutcomeCritical Analysis

30 to >24.0 pts Meets Expectation Provides a strong critical analysis and interpretation of the information given.

24 to >18.0 pts Approaches Expectation Some significant but not major errors or omissions in analysis and interpretation.

18 to >12.0 pts Below Expectation Major errors or omissions in analysis and interpretation.

12 to >0 pts Limited Evidence Fails to provide critical analysis and interpretation of the information given.

30 pts

This criterion is linked to a Learning OutcomeSources / Examples

10 to >8.0 pts Meets Expectation Sources or examples meet required criteria and are well chosen to provide substance and perspectives on the issue under examination.

8 to >6.0 pts Approaches Expectation Sources or examples meet required criteria but are lessthan adequately chosen to provide substance and perspectives on the issue under examination.

6 to >4.0 pts Below Expectation Sources or examples meet required criteria and are poorly chosen to provide substance and perspectives on the issue under examination.

4 to >0 pts Limited Evidence Source or example selection and integration of knowledge from the course is clearly deficient.

10 pts

This criterion is linked to a Learning OutcomeDemonstrates college-level proficiency in organization, grammar and style.

5 to >4.0 pts Meets Expectation Project is clearly organized, well written, and in proper format as outlined in the assignment. Strong sentence and paragraph structure; few errors in grammar and spelling.

4 to >3.0 pts Approaches Expectation Project is fairly well organized and written, and is in proper format as outlined in the assignment. Reasonably good sentence and paragraph structure; significant number of errors in grammar and spelling.

3 to >2.0 pts Below Expectation Project is poorly organized; does not follow proper paper format. Inconsistent to inadequate sentence and paragraph development; numerous errors in grammar and spelling.

2 to >0 pts Limited Evidence Project is not organized or well written, and is not in proper paper format. Poor quality work; unacceptable in terms of grammar and spelling.

5 pts