One use of statistics is winning bets. I'm going to pick one of
the elements of L (uniformly at random). You get to pick one
number.
- Lose if your number is smaller than mine: maximum.
- Lose if your number is bigger than mine: minimum.
- Lose if you get the wrong number: mode.
- Lose proportional to the square of the difference between the
numbers: mean.
- Lose proportional to the absolute difference between the
numbers: median.
Extra credit for proving either or both of the last two statements!
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