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The Cereal Box Problem: A Lesson in Expected Value

The Cereal Box Problem: A Lesson in Expected Value

Created by George Reese and Quinn Baetz of the University of Illinois - Champaign-Urbana, this site poses the following problem: "Suppose there was one of six prizes inside your favorite box of cereal. Perhaps it's a pen, a plastic movie character, or a picture card. How many boxes of cereal would you expect to have to buy, to get all six prizes?" This extremely practical question allows the author to examine many different aspects of statistics, most notably providing a lesson in expected values. Overall, this is a fun activity for any level statistics course.

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