Archives for Probability
Statistical Fallacies and Probability Teasers
Under construction Stock Trading - Incorrect Probability Conclusion Stock can either go up , down or stay still. Hence, probability of any one stock going down is 1/3 rd. Soldiers…
Running Sum of Randomly Generated Numbers
Integers from 1 to N are randomly generated . Each integer has an equal probability of being selected and unlimited repetition is permitted. A running sum is maintained. Given any…
A probability problem – will these two friends ever meet?
Two friends decide to meet at a definite place between 9 AM and 10 AM. The first to arrive waits for his friend for 15 minutes and then leaves. If…