55 winners out of 500 members... 11% of the members will be winners.
I know that's not how the stats work, but it sounds better
I know that's not how the stats work, but it sounds better
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Anyone good with statistics?
- Thread starter jsquared
- Start date
Well it's a 0.002% you will win something in each thread. So if p= 0.002 then q=1-p so it looks like the probability of you winning at least once in 55 attempts is (1-0.002)^55 for a chance of 89.57% you won't win anything or a 10.43% chance you will.
I think?
I think?
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That sounds way too high haha, I should have won 10 things by now! Thanks for doing the math for me
You have a 50 percent chace of winning something, as well as a 50 percent chance of winning everything.
That sounds way too high haha, I should have won 10 things by now! Thanks for doing the math for me
Actually I fixed it because I dinked the .002 for .2. It's much more bleak now
Well 10% is still pretty good, I will keep posting. Was getting a little daunted for a bit haha.
Keep in mind, I gave up MIT for Vaudeville at an early age so take my "math skillz" with a grain of salt...but it seems right to me.
Naught + Naught = yes. Naught
Internet <3
http://contests.about.com/library/blsweepstakesoddscalculator.htm
It says 1 in 9, or 11%. Sounds about right.
