Piloting is the second most dangerous occupation

Doug Semler wrote:

One point I would make, Dudley, and that is that your statistic is
still slightly "skewed." Although that I agree that you have "saved"
30,000-some-odd dollars, you have placed an inherint assumption in
your "statisitic" that you will NEVER win. Unfortunately (or
fortunately, depending on how you look at it), the lottery is not a
zero sum game. Your statisitic has not taken into consideration any
winnings that your 42 years of "ticket buying" would have produced.
However, because of the fact that the ODDS are sufficiently low, I
guess you could consider the skew close enough to zero to not consider
it.

Either way, it is just another example of how statistical data is
subject to interpretation, and further explains why statisticians have
jobs g

"Statistically" buying a lottery ticket doesn't increase you chance of
winning. i.e. The chance of winning isn't increased enough to be relevant
"Statistically".

Gig 601XL Builder wrDOTgiaconaATsuddenlink.net wrote:
Doug Semler wrote:

One point I would make, Dudley, and that is that your statistic is
still slightly "skewed." Although that I agree that you have "saved"
30,000-some-odd dollars, you have placed an inherint assumption in
your "statisitic" that you will NEVER win. Unfortunately (or
fortunately, depending on how you look at it), the lottery is not a
zero sum game. Your statisitic has not taken into consideration any
winnings that your 42 years of "ticket buying" would have produced.
However, because of the fact that the ODDS are sufficiently low, I
guess you could consider the skew close enough to zero to not consider
it.

Either way, it is just another example of how statistical data is
subject to interpretation, and further explains why statisticians have
jobs g

"Statistically" buying a lottery ticket doesn't increase you chance of
winning. i.e. The chance of winning isn't increased enough to be relevant
"Statistically".

Depends on how you look at it "statistically".

If you don't buy, the chance of winning is zero.

If you do buy, the chance of winning is a non-zero number.

So you've essentially increased the odds by an infinite amount...

Aren't statistics fun?


--
Jim Pennino

Remove .spam.sux to reply.

wrote:
Gig 601XL Builder wrDOTgiaconaATsuddenlink.net wrote:

"Statistically" buying a lottery ticket doesn't increase you chance
of winning. i.e. The chance of winning isn't increased enough to be
relevant "Statistically".

Depends on how you look at it "statistically".

If you don't buy, the chance of winning is zero.

If you do buy, the chance of winning is a non-zero number.

So you've essentially increased the odds by an infinite amount...

Aren't statistics fun?


Remove .spam.sux to reply.

Not buying the ticket does not reduce your chance of winning to ZERO. There
is also a chance that will find the winning ticket on the ground outside of
a C-store.

It all boils down to the fact that the chance for any individual of winning
the lottery is so small that coming up with fun little statically silly
nuggets about it and the thoughts of what you'd do with the winnings are
really the only thing one can hope to gain from them.

It all boils down to the fact that they are a tax on people who are really
bad a math.

Gig 601XL Builder wrDOTgiaconaATsuddenlink.net wrote:
wrote:
Gig 601XL Builder wrDOTgiaconaATsuddenlink.net wrote:

"Statistically" buying a lottery ticket doesn't increase you chance
of winning. i.e. The chance of winning isn't increased enough to be
relevant "Statistically".

Depends on how you look at it "statistically".

If you don't buy, the chance of winning is zero.

If you do buy, the chance of winning is a non-zero number.

So you've essentially increased the odds by an infinite amount...

Aren't statistics fun?


Remove .spam.sux to reply.

Not buying the ticket does not reduce your chance of winning to ZERO. There
is also a chance that will find the winning ticket on the ground outside of
a C-store.

The probablility that you will find a ticket AND that the ticket is
a winner is so small that by buying a ticket you've increased your
odds by slightly less than infinity.

It all boils down to the fact that the chance for any individual of winning
the lottery is so small that coming up with fun little statically silly
nuggets about it and the thoughts of what you'd do with the winnings are
really the only thing one can hope to gain from them.

A movie costs $12 and lasts about 90 minutes.

A lotto ticket costs $1 and I can daydream about the planes I'd buy
with $30,000.000 for days.

It's cheap entertainment.

It all boils down to the fact that they are a tax on people who are really
bad a math.

Well, I didn't get much beyond partial differential equations, so you
may have a point.

--
Jim Pennino

Remove .spam.sux to reply.

A movie costs $12 and lasts about 90 minutes.

A lotto ticket costs $1 and I can daydream about the planes I'd buy
with $30,000.000 for days.

It's cheap entertainment.

Add the fact that it is better for your health than drinking, and it pretty
much sums up my feelings about the issue as well.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
wrote:
Gig 601XL Builder wrDOTgiaconaATsuddenlink.net wrote:

"Statistically" buying a lottery ticket doesn't increase you chance
of winning. i.e. The chance of winning isn't increased enough to be
relevant "Statistically".

Depends on how you look at it "statistically".

If you don't buy, the chance of winning is zero.

If you do buy, the chance of winning is a non-zero number.

So you've essentially increased the odds by an infinite amount...

Aren't statistics fun?


Remove .spam.sux to reply.

Not buying the ticket does not reduce your chance of winning to ZERO.
There is also a chance that will find the winning ticket on the ground
outside of a C-store.

It all boils down to the fact that the chance for any individual of
winning the lottery is so small that coming up with fun little statically
silly nuggets about it and the thoughts of what you'd do with the winnings
are really the only thing one can hope to gain from them.

It all boils down to the fact that they are a tax on people who are really
bad a math.

Gee, I'm the only one in my circle of friends that HASN'T won the lottery.
None of them minded paying the tax!