Re:Cory Doctorow: Our dangerous statistical ignorance
by SwellJoe on Wednesday May 21, 2008 @07:58PM
(#196682)
How else could I possibly mean "keep trying for 10-15 years"? One can't take 2-5 year increments of your life in isolation, since, as you've noted, you only need to get rich once to be rich.
But, I'm glad we're all clear now.
But it seems that you mean, what's the chance that given x number of rolls, the very last one is a "1" (assuming you only need/want to get rich once). As the number of rolls increase, the chance of that scenerio (a string of non-1s with the last one being 1) becomes smaller and smaller when taken as a whole.