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Standard Deviation and z-score in plain English

Started by Bayes, Aug 30, 01:23 PM 2010

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ego


I can explain how, where and when to bet for regression toward the mean (( if anyone is interested ))

That 68.3% of the time the divergence would be one SD or less. Either side of the MEAN.
That 95% of the time the divergence would be 2 SD's or less. Either side of the MEAN.
That 99.7% of the time the divergence would be 3 SD's or less. Either side of the MEAN.
That only 0.3% of the time would the divergence exceed 3 SD's
Denial of gamblers fallacy is usually seen in people who has Roulette as last option for a way to wealth, debt covering and a independent lifestyle.  Next step is pretty ugly-
AP - It's not that it can't be done, but rather people don't really have a clue as to the level of fanaticism and outright obsession that it takes to be successful, let alone get to the level where you can take money out of the casinos on a regular basis. Out of 1,000 people that earnestly try, maybe only one will make it.

poluvolo


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