Tagged Questions
0
votes
3answers
200 views
Profit estimation with a dice: 10 dollars for 6, -1 dollar for anything else
I recently found the following question: What is your profit estimate throwing a dice in the long run if you get 10 dollars for each time you hit 6 and lose 1 dollar for any other number?
I tried to ...
4
votes
1answer
380 views
Coin Toss System
Coin Toss Runs Calculator
The expected number of runs for two consecutive heads or tails is 3. Is there an edge if we place a progressive constant size bet(limited to 3 times)for consecutive ...
5
votes
5answers
529 views
How to fit probability density function from sample moments?
If I have calculated the sample mean, variance, skew and kurtosis of a set of data, how would I go about fitting a probability distribution to match these moments (i.e. choosing a probability ...
