Probability problem - Levar, Ingus, Jimmy, Others???

by **Fingerbang** » Thu Aug 12, 2004 11:19 am

I love how people bitch about this making their head hurt, or questioning the amount of time one has.

Don't you ever want to use your mind for anything more than shoveling food in your cakehole and pushing it out the other end?

"Go back to sleep"

LMAO....

by **Murgatroyd** » Thu Aug 12, 2004 11:22 am

Originally posted by Fingerbang
Merg.... the 2nd Guy is not all that dumb really, he acutally is smarter than Guy 1, if you think of this in terms of roulette.

Why do you think people dont cover every single number with one chip? Because you may win 35 bucks, but you put out 37 bucks to win 35.

Now... if you put 37 dollars on a few different numbers, lets say 10, you have less of a chance of hitting that number... but now if you do hit your number, you are getting close to $130 for hitting your number, instead of $35.

If the question is lottery though, and there were only 100 numbers, and if there were 10 different winners, they each split the pot, Then guy one is still the dumbass, because while he did spend $100 on each and every number, what if 12 hits, and there are 4 other people that put thier $1 on 12? Then he is only getting $20 for his $100 investment.

MY POINT IS....

He does have a 100% chance of winning...... but his winnings may actually be on the negative side of things...

We all have a 100% chance of getting laid if you ask every single girl you meet at a bar, but wouldnt you rather spend your time and money on a certain few to hit the jackpot? Rather than go home with Bertha?

They didn't call me "hole and a heartbeat" in my teenage years for nothing..

by **Jim0322** » Thu Aug 12, 2004 12:34 pm

Originally posted by RCglider

what were the strong opinions you spoke of?

Some people insisting they were right about lottery odds and somebody was else's view was completely wrong. Some people were correct, some in error, and some were correct only if the case was independent trials or only if it was non-independent trials depending on their position.

It is really just trivia. But not everyone who claimed to be correct in their statements in the NY lottery thread really were. (I have not read everything that I posted in the NY lotto thread but maybe I was one of the incorrect, depending on my assumptions about independent trials.)

Jim

by **Baddreams** » Fri Aug 13, 2004 11:58 am

Originally posted by Kingofbeers
In the grand scheme of things, if i saw my life pass before my eyes and saw that i partook of such a thread i'd be embarrassed. I suppose Chaos theory and probablity were among the portions of your education needed to become that bitter software engineer.

Besides i do use my brain for something else. I try and find more and more ingenious ways of wasting time. How about you?:lol:

I think you've found a pretty ingenious way here.. :rotflmao:

by **Face** » Fri Aug 13, 2004 3:50 pm

If guy #1 buys 100 unique tickets and wins, and guy #2 buys 100 random tickets and wins, guy#1 loses money. Period. That is the main issue. Even if you could buy every combination, once someone else wins too, you lose immediately %50.

by **Fingerbang** » Fri Aug 13, 2004 4:37 pm

Originally posted by Face
If guy #1 buys 100 unique tickets and wins, and guy #2 buys 100 random tickets and wins, guy#1 loses money. Period. That is the main issue. Even if you could buy every combination, once someone else wins too, you lose immediately %50.

Isnt that what I just said?

I like your sig pictures there face, Did you make those?

by **RCglider** » Fri Aug 13, 2004 4:51 pm

Originally posted by Jim0322
Some people insisting they were right about lottery odds and somebody was else's view was completely wrong. Some people were correct, some in error, and some were correct only if the case was independent trials or only if it was non-independent trials depending on their position.

It is really just trivia. But not everyone who claimed to be correct in their statements in the NY lottery thread really were. (I have not read everything that I posted in the NY lotto thread but maybe I was one of the incorrect, depending on my assumptions about independent trials.)

Jim

Ok.

The argument I always hear is if you play the same numbers every week it increases your odds of winning, which is not true of course.

by **Jim0322** » Fri Aug 13, 2004 5:20 pm

Originally posted by RCglider
The argument I always hear is if you play the same numbers every week it increases your odds of winning, which is not true of course.

People are superstitious and do odd things. (Hey. It is Friday the 13th today!)

by **SkiloDog2000** » Sat Aug 14, 2004 4:26 am

sorry but thats way over my head
i dont know wtf your talking about
but....

IM REALLY GOOD AT POKER!!!!!

Probability problem - Levar, Ingus, Jimmy, Others???

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