Timeline for Example distribution where 74% of probability is above the mean
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jul 26, 2021 at 14:18 | comment | added | gnasher729 | @AndyW In the UK, chances for getting three numbers right and winning £10 are about one in 50. About 98% buying a single ticket create profit, 2% create a loss. | |
| Jul 26, 2021 at 13:27 | comment | added | Andy W | I was thinking an example would be expected returns for someone selling lottery tickets. So the majority of the distribution would be +1 (dollars or whatever the cost of a ticket), but then you have that one -1,000,000 winner. (That won't be exactly 74% above the mean, but very tough to get that exact in real data.) | |
| Jul 25, 2021 at 15:14 | comment | added | Galen | Your point about sufficiently large outliers is correct, however it doesn't meet the requirements of the question. For example, $[-1000, 1, 2, 3]$ is a constructed data set. | |
| Jul 25, 2021 at 9:25 | review | First posts | |||
| Jul 25, 2021 at 9:28 | |||||
| Jul 25, 2021 at 9:23 | history | answered | nick012000 | CC BY-SA 4.0 |