A professional gambler playing black jack in the Venetian casino has lost each of his first 10

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A professional gambler playing black jack in the Venetian casino has lost each of his first 10 bets. He begins to place larger bets, reasoning that his current proportion of wins (which is 0) will increase to get closer to the average number of wins. Is his betting strategy sound? Is his reasoning correct? Explain.
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Statistical Reasoning for Everyday Life

ISBN: 978-0321817624

4th edition

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

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