Reply To: Dow Jones "Coincidence"?!

Home Forums Decaffeinated Coffee Dow Jones "Coincidence"?! Reply To: Dow Jones "Coincidence"?!

#797395
Dr. Pepper
Participant

Ralph, I don’t know where you’re getting your statistics.

CCO of a large (now defunct) corporation in an interview with Ralph Nader shortly before the company went under.

Can you explain how this was calculated?

Assuming that the absolute value of any change, in a volatile market like this, between 0 and 999.99 is equally probable, there are 5,280 different ways that the five digits can sum to 26 out of 100,000 total.

(5,280/100,000)^3 = 0.000147197952 or 1 in 6,793.57.

(Off by a factor of 147,197,952)