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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (562)12/9/2000 12:40:55 PM
From: GraceZRead Replies (2) | Respond to of 24758
 
Odds aren't ratios of probabilities

even though the odds against it are 263 to 1.


Doesn't 263 represent chances of occurrence?
Doesn't 1 also represent a chance of occurrence?
1 chance that it will occur against 263 that it will not, that implies 264 chances altogether.
He didn't say 1 out of 263 chances, which is what you implied he meant.