On Aug 15, 6:56 am, wrote:
On Mon, 13 Aug 2007 13:48:55 -0400, Dudley Henriques





wrote:
Sometimes I wonder how these stats are derived. I've been reading stats
all my life for this and for that. If there's one thing I've learned
about statistics it's that they can be skewed in just about any
direction desired by the manipulation of the micros involved to produce
the macros desired.
Another thing about statistics; take gambling as a perfect example.
There is an extremely high possibility that someone will win the
lottery. This is what motivates those who play the lottery.
On the other hand, the odds that the someone who wins will be you is
quite another matter.
It always amazes me that people insist on using the first analogy
instead of the second when considering a play on the lottery.
My wife and I have been playing the lottery game in abstentia for many
years. Each day we IMAGINE we have played our house and phone number to
the tune of a 2 dollar lottery ticket. We started doing this in 1965. It
is now 2007. We have played this "game" for 42 years based on the second
analogy of us NOT being the number that comes up.
As of today, we have placed 42 years worth of ticket bets at 365x2= 730
dollars a year x 42 years= 30,660 dollars worth of lottery tickets.
We haven't won naturally, but by using an unskewed statistic, we have
SAVED $30,660 dollars by NOT buying lottery tickets!
Not bad really. I enjoy playing the lottery :-))
Dudley Henriques

I wish I had been such a visionary in the 70's when I hit the legal
age to buy beer. I could be very well off by now IF I had just
IMAGINED drinking each of those beers for the last 33 years.

Actually, I wish I had been that visionary 20 years ago when I started
smoking...sigh