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The use of expected value is clear: logically and rationally making decisions. Its useful in gambling. Applying expected value to odds in Vegas is enough to lose any possible interest one might have to gamble in Vegas. Ever. I know I sure did.
However, there are other applications of expected value other than gambling. In games, for example, using probability to determine possible outcomes is a useful skill to have.
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Eerily Similar
Last week, we studied the equation of a circle in Geometry. It seemed eerily similar to the Pythagorean Theorem, which we had learned earlier in the year.
Essentially they are the same, just with different variables plugged in.
Essentially they are the same, just with different variables plugged in.
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