Not a clickbait β itβs a real question.
As traders, our entire business revolves around probabilities. π
But what happened here is a bit too strange :-)
youtu.be/uY7DIBd-t-Y?si=m1CBβ¦
The video above shows a World Cup draw scenario:
You have 48 countries and 48 balls.
Each president receives a bowl containing 8 randomly selected balls.
Question:
What is the probability that each president selects their own country from their bowl?
Here are the possible interpretations:
Option 1: 18=12.5β= ( 12.5% )
Option 2: 148=2.08H1β= ( 2.08% )
Option 3: 348=6.25H3β=( 6.25% )
Option 4: ( 0.0009636% )
#FIFAWorldCup#Trading#BTC#Trading#Probabilities#MathInMarkets#LogicOverLuck#WorldCupDraw#Mindset#TraderCommunity#StatsMatter
Exploring the intriguing math of price fluctuations: A mere 4.7% drop in price requires a 4.9% increase to recover. But as the drop grows, so does the needed rebound - a 80% fall needs a 400% rise. The steeper the drop, the steeper the climb back! #FinanceFacts#MathInMarkets ππ