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To: DB

Seems to me you don’t understand the difference in odds of one random event happening versus two consecutive random events in a particular order. The actuarial statisticians who calculate odds for these events - all of the ‘hole in one” type events - calculate this down to the nth degree so that small fund raising organizations can afford to insure these events.


39 posted on 09/01/2011 6:49:56 AM PDT by C. Edmund Wright
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To: C. Edmund Wright

Ah, yes I do.

And I pointed out the only issue that changed the overall odds of a payout.


42 posted on 09/01/2011 1:47:13 PM PDT by DB
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