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RE: = Computer Aided Technical Economic Research =
Please tell us more Bub :) I think Statistics are worth nothing, if they could be relied upon, then I could earn a living at roulette, and don't think I haven't tried. Besides, you can still drown in a river with an 'average' depth of 6 inches.
P.s, statistics are a means we use to convey an idea we have about a set of numbers, so they represent the idea, not the numbers. So u have one arm in the oven, and the other in the refrigerator, statistically speaking, your quite comfortable.
Get your picture... What about a roulette that would turn a specific number in 90% of the turns with 100 spins every day and measured for about 10 years? Wouldn't you assume there is something going on with this specific roulette or would you still stick to your statistics?
It gets confusing. The statistic is real, but its not a predictor of events, only a representation of what has happened. Going back to the roulette table, the statistic might be 2:1, but you might spend the next 20 spins chasing that statistic. But at the same time, the statistic, does describe the operation of the board.