Quote:
Originally Posted by Arafails
No even that's not right. What you're talking about is average return, and is an observational result, not a function.
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Strictly speaking, I'm talking about
central moment of the 1st order. And it
is a strictly defined function.
"Average" is just a colloquial language - I don't want to use mathematical language, because I don't want to scare people.
Quote:
Originally Posted by Arafails
1.5% chance means that for a single event, it's 197/3 times more likely that another outcome will result.
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Yes. So? What's your point?
Quote:
Originally Posted by Arafails
You can't quantify it to to "it will happen this many times per this many events," average or not.
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I can quantifiy it to "when you perform infinite number of tries, then number of successes will be 3 per 200 tries".