In this paper, we derive the result of the classical gambler's ruin problem using elementary linear algebra. Moreover, the pedagogical advantage of the derivation is briefly discussed.

The paper shows how to find the min and max extreme interval values for the exponential and triangular distributions from the min and max uniform extreme interval values. Tables are provided to show the min and max extreme interval values for the uniform, exponential, and triangular distributions for different probabilities and observation sizes.

In late October 1967, the USS Scorpion was lost at sea, somewhere between the Azores and Norfolk Virginia. Dr. Craven of the U.S. Navy's Special Projects Division is credited with using Bayesian Search Theory to locate the submarine. Bayesian Search Theory is a straightforward and interesting application of Bayes' theorem which involves searching…

Investigates the problem of finding the expected number of questions necessary to identify 1 out of a set of 30 attribute blocks. Solutions include the use of a tree diagram or a computer simulation. Generalizes the problem for increased numbers of attributes. (MDH)

Developed are simple recursion formulas for generating the exact distribution of the longest run of heads, both for a fair coin and for a biased coin. Discusses the applications of runs-related phenomena such as molecular biology, Markov chains, geometric variables, and random variables. (YP)

The actuarial profession is described to provide secondary school mathematics teachers insights into how actuaries use mathematics in solving real life problems. Examples are provided involving compound interest, the probability of dying, and inflation with computer modeling. (MDH)

Discusses the application of probabilistic ideas, especially Monte Carlo simulation, to calculus. Describes some applications using the Monte Carlo method: Riemann sums; maximizing and minimizing a function; mean value theorems; and testing conjectures. (YP)

Explains a new way of viewing Bayes' formula. Discusses the revision factor and its interpretation. (YP)

Presents two methods of calculating the expected value for a participant on the television game show "The Wheel of Fortune." The first approach involves the use of basic expected-value principles. The second approach uses those principles in addition to infinite geometric series. (MDH)

Investigates the probability of winning the largest prize at Bingo through a series of five simpler problems. Investigations are conducted with the aid of either BASIC computer programs, spreadsheets, or a computer algebra system such as Mathematica. Provides sample data tables to illustrate findings. (MDH)

Presents four cases of real-world probabilistic situations to promote more effective teaching of probability. Calculates the probability of obtaining six of six different prizes successively in six, seven, eight, and nine boxes of cereal, generalizes the problem to n boxes of cereal, and offers suggestions to extend the problem. (MDH)

This document is designed to assist teachers by providing practical examples of real world applications of high school mathematics. Fifteen problems are presented that individuals in industry and business solve using mathematics. Each problem provides the contributor's name, suggested skills required to solve the problem, background information…

A collection of 96 mathematics items are presented for state and local education agencies to draw upon in designing their own minimal competency tests. These items, part of the National Assessment of Educational Progress, have been reviewed in terms of their appropriateness for a minimal competency test for high school graduation. The items are…