We have updated the bibliography to better address and reflect the current work in this area, and we have redefined the major objectives of the course in terms of student outcomes.
Life is said to be a school of probability.
To develop an intelligent approach toward the phenomenon of chance and an understanding of the calculation of risks involved in making a decision. Casino gambling games offer an excellent training opportunity for such knowledge just as Geometry is an excellent training opportunity for learning logic. Indeed, in all the affairs of life we must make decisions that are gambles because risk is involved. To present the fundamental elements of Combinatorial Analysis and of Probability Theory, which is perhaps the single most important model of reality, in order to produce well-educated citizens who know and understand the basic facts of chance and the way it works. To critically examine casino gambling, a topic that is currently gaining popularity and that, besides being a source of entertainment, offers a splendid model for a study of the workings of probability theory, leading to a comprehension of chance that is of real value when applied to many other phases of life.