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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (857)1/27/2000 5:00:00 PM
From: timbur  Read Replies (1) | Respond to of 10714
 
I never could get the odds straight, so I work on percentages.

Population: 50 red, 50 black
Chances of drawing a Black after drawing 20 Reds:
With replacement: 50%
Without replacement: 50/80 = 62.5%

Still trying to figure out what 5:7 means Sun! Maybe that's why I always lost at the horse track.

Please remember, "The Law of Averages" is wrong. If I flip a coin heads 500 times in a row, the next time it's still a 50/50 proposition.


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