major major
Registered User
- Feb 18, 2013
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I read it and can't follow.
They are saying there is a 17% chance we draft 2nd how is that possible to be lower than 20%?
I mean if we win the 20/100 balls it's 100% sure we'll be drafting in top 3 (e'd be first).
But if we lost first one w still get 20 balls on second attempt - and that would have to be greater than 20%.
Maybe this is why I'm an accountant instead of a statistician. I must be missing something.
(20/92)*.8 = 17%
You're missing the .8. It's the probability that we make it to the second draw, because there is a .2 chance we win the first draw.