Predictive Hacks

The fair premium in lottery games can be defined as the expected pay-off. For example, consider the game where you roll the die once and you get paid the face value in dollars. So, if you roll 1 you get $1, if you roll 2 you get$2, and so on. Then, the fair price to enter the game is the expected payoff which is:

$$E[X] = \sum_{i=1}^{6} x \times p(x) =$$

$$= \frac{1}{6}\times1 + \frac{1}{6}\times2+ \frac{1}{6}\times3+ \frac{1}{6}\times4+ \frac{1}{6}\times1+ \frac{1}{6}\times5+\frac{1}{6}\times6 = 3.5$$

### Get updates and learn from the best

Python

#### How to Generate the Requirements of your Python project based on your Imports

We have provided many tutorials on how to generate the requirements.txt for your python project without environments, how to work

Miscellaneous

#### How to Schedule Tasks in Snowflake

We have started a series of Snowflake tutorials, like How to Get Data from Snowflake using Python, How to Load