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Technology Stocks : Dell Technologies Inc.

DELL 122.55

+4.4%

3:59 PM EST

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To: Chuzzlewit who wrote (56616)	8/6/1998 12:28:00 PM
From: kemble s. matter	Read Replies (1) of 176387

Chuzzlewit, Hi!!! <<But let's say we're looking at a market spanning 250 days -- roughly one year. In that period we have 243 runs of 8 coin flips. The probability of not getting a run of 8 tails is therefore 1-.0039606, or 0.996094. But what is the probability of looking at 243 runs and not getting at least one of eight or more? Here is the anti-intuitive conclusion: the probability of getting at least 8 consecutive down days is 61.4%.! For those of you who are mathematically inclined, it is 1-.996094^243. Isn't probability theory fun>> Gosh, you cursing at me again....Math is one thing and now probability <<gg>> ....actually you are making me think of my daughter who graduated from Cornell last year as a Statistics and Biometry major...that probability crap is all too complex for this simple 2 plus 2 mind... Best, kemble

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