December 2021
Beginner to intermediate
1168 pages
30h 17m
English
book
Microsoft Excel Data Analysis and Business Modeling (Office 2021 and Microsoft 365), 7th Edition
by Wayne Winston
Content preview from Microsoft Excel Data Analysis and Business Modeling (Office 2021 and Microsoft 365), 7th Edition
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Chapter 82
Fun and games: Simulating gambling and sporting-event probabilities
Questions answered in this chapter:
What is the probability of winning at craps?
In five-card draw poker, what is the probability of getting three of a kind?
Going into the 2018 NCAA men’s basketball Final Four, what was the probability of each team winning the tournament?
Gambling and watching sporting events are popular pastimes. I think gambling and sports are exciting because you never know what’s going to happen. Monte Carlo simulation is a powerful tool that you can use to approximate gambling and sporting-event probabilities. Essentially, you estimate the probability by playing out a gambling or sporting-event situation multiple times. If, for example, you ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.