Should Louis go for the safer options, hoping to limit his losses, or would he be better off with a riskier strategy, focusing on maximising his profit?
How do scientists or mathematicians estimate the size of a population of wild animals?
What proportion of people make 90% confident guesses which actually contain the correct answer?
Tom's new phone cost him £500. He didn't insure it.
Alice's new phone cost her £500 also. She did insure it, at an additional cost of £75.
Investigate the consequences for Tom and Alice if: