The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: fatty who wrote (16832)	2/6/2004 3:50:19 PM
From: GraceZ	Read Replies (1) of 306849

In case you don't know, a subset can be the set itself. In this case, the distribution would be the same for the set and the subset Duh! Your problem involved taking the top 12% of their population which was equal to the entire population of our country. The 12% is a subset of the set "entire population", in the case of Americans, the subset and the set would be exactly the same and have the same distribution, but the subset of the Indian/Chinese and you cannot assume the subset has the same characteristics as the the entire population even though it is a very large set, it doesn't. But your problem does remind me of a story that shows why the "best" doesn't always win a contest. I had a friend in high school who was the top seated high school women's tennis player in the state. The school wasn't a large high school but it had an extraordinary tennis team with several other players who ranked among the best in the state, not just my friend. They would play much larger schools and the only way the teams from the other schools could beat them was if they cheated on the match up. Whereas they took their two lowest ranked team members and matched them against our two best knowing they'd lose to them anyway and then matched their best against our third best and so on. But if you are right about yourself and most of your friends, that the American population is chiefly comprised of mediocre, non-risk taking economic players than we deserve to lose against those that are hungrier for a win. You have to ask yourself, with the large population going for them, how did they wind up so poor that our incomes are several multiples higher than theirs?

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