odds

Odds

By Harish Appana Satya on June 23, 2013

The definition of odds and its connection to probability will be explained. The concept of odds will then be applied to real-life scenarios, such as winning the lottery.

Posted in sec_mat_prb | Tagged discrete random variables, expected value, odds, probability, ratios

Monty Hall Problem

By Harish Appana Satya on August 1, 2012

The seemingly paradoxical Monty Hall problem is systematically deciphered using a series of probabilistic calculations.

Posted in sec_mat_prb | Tagged Monty Hall, odds, paradox, probability

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