Search:

I gave you the short answer. All the companies have the same odds if you use the most common type of probability.

There is another type you can use where you can assign a value to each...

I assume you want the short answer:

In mathematics, a probability of an event A is represented by a real number in the range from 0 to 1 and written as P(A). An impossible event has a probability...

Right. B is the correct answer. Even for gambling.

Thank you.

I forgot to mention: wildcaters sometimes found oil and became immensely rich. John D. Rockefeller was one of those, he founded standard oil, what's today Chevron and Exxon. The...

Believing is not enough these days. I am an engineer, I see things in black or white only. Let me give you an example:

In the past, oil was found by drilling "wildcats". A wildcat was a cheap oil...

Great ! Your question was what I was expecting. See, I think people risk money without the proper thinking and/or analysis. If I can help by posting something like this every now and then, then this...

After reading the posting: how many shares do you own and at what price? I was tempted to post the following question:

If you had a choice between:

A.- Betting $200 for the chance of making...