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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (16800)2/6/2004 9:06:54 AM
From: fattyRead Replies (1) of 306849
 
>You offered no solution to the problem I gave you. And you made a common statistical error in this statement:

>So if we hold a math & science family feud between the US and Chindia, we would probably lose the game because our bottom 50% which all have SAT math lower than 500 will be competing with their top 6-12% which all have score bewteen 650 and 700.

You seem to be so desperate to be right that you'd jump into conclusion at sight of first opportunity.

I can see that either you are right or wrong depending on the terms of the game. If I said each team is limited to 5 participant and each participant must be randomly choosen from the respective population pool. Then you're right, I couldn't solve a simple probability problem.

If I said each team needs 300 million participant and participants can be chosen by choice and furthermore, the order of competition must go by the ranking of the participant inside the team (ie. #1 from each team go first, #2 of each team go second, etc), then what I said makes perfect sense.

But since I was the one who made the claim, did you care to ask what are the terms?
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