Mathlet here.
How is the parameter that determines the best possible choice called?
For example, between picking 1 ball at random from box A, or picking 1 ball at random from box B, A is clearly the best because (10+10+10+10+10+10+10+10)/8 = 10
while
(20+20+0+0+0+0+0+0)/8 = 5
How are "10" and "5" called?
How is the parameter that determines the best possible choice called?
For example, between picking 1 ball at random from box A, or picking 1 ball at random from box B, A is clearly the best because (10+10+10+10+10+10+10+10)/8 = 10
while
(20+20+0+0+0+0+0+0)/8 = 5
How are "10" and "5" called?
