RE: Valuation on EUA16 Jun 2021 10:08
My mate Brian adopts the following. He occasionally goes into hospital for a "rest" though.
If you toss a coin, the probability of obtaining a head is 1/2 and the probability of obtaining a tail is also 1/2 .
P (head) + P (tail) = 1/ + 1/2 = 1
If we choose a letter at random from the word 'SUMS', the probability of obtaining the letter 'S' is 2/4 , the probability of obtaining the letter 'U' is 1/4 , and the probability of obtaining the letter 'M' is 1/4.