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RUCRAYZE

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I hope the joke isn't on you. You seem to be an alright guy & I welcome you here. I think the "riddle" does serve it's purpose, tho. In the DeLorean case (as with many cases) very few people actually "know" the truth, but everyone has an opinion.
Flip a coin
and you have equal odds of being right. :D
Maybe not.........
Gamblers Take Note: The Odds in a Coin Flip Aren't Quite 50/50
And the odds of spinning a penny are even more skewed in one direction, but which way?
Dan-Lewis-Spin-It-631.jpg

Flipping a coin isn't as fair as it seems. (Courtesy of flickr user MagnuMicah)
By Dan Lewis
SMITHSONIAN.COM

Imagine you’re at a bar and another patron offers you the following wager. He’s going to flip a coin — a standard U.S. penny like the ones seen above — a dozen or so times. If it comes up heads more often than tails, he’ll pay you $20. If it comes up tails more than heads, you pay him the same. There are no hidden tricks. It’s a fair bet — safe to take, if you’re looking for a 50/50 chance.

Now, imagine the same offer, except that instead of flipping the coin, the other patron tells you he’s going to spin it. In fact, he’ll even let you provide the penny, just to guarantee there is no funny business. Twenty-five spins and if it comes up heads more often than tails, he’ll give you $20 again. But if tails comes up more often, you owe him $20.

Fair bet? Not if Persi Diaconis is right.



Diaconis is a professor of mathematics and statistics at Stanford University and, formerly, a professional magician. While his claim to fame is determining how many times a deck of cards must be shuffled in order to give a mathematically random result (it’s either five or seven, depending on your criteria), he’s also dabbled in the world of coin games. What he and his fellow researchers discovered (here’s a PDF of their paper) is that most games of chance involving coins aren’t as even as you’d think. For example, even the 50/50 coin toss really isn’t 50/50 — it’s closer to 51/49, biased toward whatever side was up when the coin was thrown into the air.

But more incredibly, as reported by Science News, spinning a penny, in this case one with the Lincoln Memorial on the back, gives even more pronounced odds — the penny will land tails side up roughly 80 percent of the time. The reason: the side with Lincoln’s head on it is a bit heavier than the flip side, causing the coin’s center of mass to lie slightly toward heads. The spinning coin tends to fall toward the heavier side more often, leading to a pronounced number of extra “tails” results when it finally comes to rest.

Because the coins typically pick up dirt and oils over time, trying the experiment at home may not yield such a large percentage of “tails” over “heads” — but a relatively new coin should still give you noticeable results.
 

bowers baldwin

Elio Addict
Joined
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Messages
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Maybe not.........
Gamblers Take Note: The Odds in a Coin Flip Aren't Quite 50/50
And the odds of spinning a penny are even more skewed in one direction, but which way?
Dan-Lewis-Spin-It-631.jpg

Flipping a coin isn't as fair as it seems. (Courtesy of flickr user MagnuMicah)
By Dan Lewis
SMITHSONIAN.COM

Imagine you’re at a bar and another patron offers you the following wager. He’s going to flip a coin — a standard U.S. penny like the ones seen above — a dozen or so times. If it comes up heads more often than tails, he’ll pay you $20. If it comes up tails more than heads, you pay him the same. There are no hidden tricks. It’s a fair bet — safe to take, if you’re looking for a 50/50 chance.

Now, imagine the same offer, except that instead of flipping the coin, the other patron tells you he’s going to spin it. In fact, he’ll even let you provide the penny, just to guarantee there is no funny business. Twenty-five spins and if it comes up heads more often than tails, he’ll give you $20 again. But if tails comes up more often, you owe him $20.

Fair bet? Not if Persi Diaconis is right.



Diaconis is a professor of mathematics and statistics at Stanford University and, formerly, a professional magician. While his claim to fame is determining how many times a deck of cards must be shuffled in order to give a mathematically random result (it’s either five or seven, depending on your criteria), he’s also dabbled in the world of coin games. What he and his fellow researchers discovered (here’s a PDF of their paper) is that most games of chance involving coins aren’t as even as you’d think. For example, even the 50/50 coin toss really isn’t 50/50 — it’s closer to 51/49, biased toward whatever side was up when the coin was thrown into the air.

But more incredibly, as reported by Science News, spinning a penny, in this case one with the Lincoln Memorial on the back, gives even more pronounced odds — the penny will land tails side up roughly 80 percent of the time. The reason: the side with Lincoln’s head on it is a bit heavier than the flip side, causing the coin’s center of mass to lie slightly toward heads. The spinning coin tends to fall toward the heavier side more often, leading to a pronounced number of extra “tails” results when it finally comes to rest.

Because the coins typically pick up dirt and oils over time, trying the experiment at home may not yield such a large percentage of “tails” over “heads” — but a relatively new coin should still give you noticeable results.
And that's why rock, paper, scissors is such a better game.
 

floydv

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California
Something with direct bearing on the ATVM loan to keep an eye on:

"DOE:
Solyndra may resurface at loan oversight hearing

Hannah Hess, E&E reporter

Published: Monday, February 29, 2016
The head of the Department of Energy's contentious loan guarantee program will likely face tough questions from Capitol Hill lawmakers on Thursday.

Two House Science, Space and Technology subcommittees invited Mark McCall, who took the helm of DOE's Loan Programs Office in July, as part of the joint hearing.

It comes less than a week after President Obama traveled to Florida to tout the success of clean energy projects that received economic stimulus funding under the American Recovery and Reinvestment Act (E&E Daily, Feb. 26).

"These projects supported more than 10,000 jobs and have the capacity to power more than 1 million average American homes annually," McCall wrote in a recent DOE blog post that highlighted five projects funded between 2009 and 2011 from a $16.1 billion loan program.

A frenzy of oversight hearings, fueled by the bankruptcy of past recipients including solar manufacturer Solyndra Corp., Karma Automotive LLC (formerly Fisker Automotive Inc.) and others, stoked criticism of the program in past years.

Republicans have invited a Heritage Foundation scholar who has called out the government for "bad bets" on energy technologies. In a report on energy policy agenda, Nicolas Loris encouraged the next administration to prohibit taxpayer funding of private-sector energy companies, like Solyndra.

Democrats have called on Greg Kats, who has historically defended DOE's loan programs during turbulent times on Capitol Hill, to testify.

Kats, who heads the Washington, D.C.-based clean energy advisory firm Capital E and formerly served as director of financing for energy efficiency and renewable energy at DOE, has analyzed the cost effectiveness of loan guarantees.

In 2012, he told a House Oversight and Government Reform panel that failing to make substantial additional investments in the program would be "self-defeating."

Schedule: The hearing is Thursday, March 3, at 9:30 a.m. in 2318 Rayburn.

Witnesses: Mark McCall, executive director of Energy Department's Loan Programs Office; Frank Rusco, director of natural resources and environment for the Government Accountability Office; Greg Kats, president of Capital E; and Nicolas Loris, Herbert and Joyce Morgan Fellow at Thomas A. Roe Institute for Economic Policy Studies at the Heritage Foundation.

Twitter: @ha_nah_nah Email: hhess@eenews.net"

If this is webcast or televised, you all might want to see if Elio comes up.
 
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