The first attempt to employ probability theory in a practical setting was developed in order to
A) predict the results of presidential elections
B) predict economic forces in the market place
C) predict how consumers will evaluate new products
D) make winning bets in the gambling casinos

Question

Quizplus · Accepted Answer

The first attempt to employ probability theory in a practical setting was made by mathematician, gambler and writer, Gerolamo Cardano, in the 16th century in order to make winning bets in the gambling casinos. He analyzed games like dice and understood that the probability of events happening could be calculated, giving an edge to the player who knew the odds.

The First Attempt to Employ Probability Theory in a Practical