Tag Archives: statistics

The 10 Most Expensive States to Live In


By web gangsta | Published:

As you grow older and think about the different places you could possibly move to, a few options regularly come up –  Florida?  Arizona? Tennessee?

The primary focus tends to be on taxes, and how big of a hit your retirement nest egg could take every year if you choose the wrong state to retire in.

But is that the only criteria you should use when choosing a place to live?  Probably not.

Modern Budget Forecasting in the American States: Precision, Uncertainty, and Politics
Modern Budget Forecasting in the American States:
Precision, Uncertainty, and Politics
Continue reading THE 10 MOST EXPENSIVE STATES TO LIVE IN

What is your favorite number? (Don’t tell us, we already know)


By web gangsta | Published:

There’s a reason that magicians and casinos both can fool you and take your money.

It’s all about the math.  The probability.  The statistics.

It’s about identifying the key common trait that everybody has, but is afraid to admit.  If a magician asks you to pick a card, which card do you always pick?  Do you think of one card, and then immediately switch to some other card (saying to yourself, “aha! they wanted me to pick that first card that came to my head, but I’ll show them”)…. only to find yourself at the end looking directly at the magician presenting you with The Card You Picked!?!?:!

It’s not always luck.

The Grapes of Math: How Life Reflects Numbers and Numbers Reflect Life
The Grapes of Math:
How Life Reflects Numbers and Numbers Reflect Life

Continue reading WHAT IS YOUR FAVORITE NUMBER? (DON’T TELL US, WE ALREADY KNOW)

How to win a billion dollars with your NCAA Men’s Basketball Tournament Bracket


By web gangsta | Published:

By now, you’ve likely heard about Warren Buffett’s offer to pay out ONE BILLION DOLLARS to the person who registers and wins a 100% PERFECT BASKETBALL TOURNAMENT BRACKET.   (Note that they are not allowed to use the term “March Madness”, as Yahoo! Sports and Quicken Loans are not official sponsors of the tournament.

So what are your actual chances of winning that $1 Billion Grand Prize?

NCAA Basketball Championship Tournament Bracket
NCAA Basketball Championship Tournament Bracket

Continue reading HOW TO WIN A BILLION DOLLARS WITH YOUR NCAA MEN’S BASKETBALL TOURNAMENT BRACKET

You have better odds of winning the lottery than you do in winning Scrabble


By web gangsta | Published:

If you’ve ever played a game of Scrabble, you probably fall into one of two categories of players:  those that can always figure out a way to play a seven-letter word on a Triple Word Score (and typically win a game by more than 200 points), or you struggle determining where to place an “E” for a 2 point score.

If you fall into the latter group: don’t panic – you’re not alone.  Not everybody can memorize word lists and play any Scrabble word at will.

Scrabble Letter Tiles
Scrabble Letter Tiles

Continue reading YOU HAVE BETTER ODDS OF WINNING THE LOTTERY THAN YOU DO IN WINNING SCRABBLE

NFL Quarterbacks’ most popular passing locations


By web gangsta | Published:

Now that NFL football season is here, let’s take a look at some more interesting information that could help you in your future career as an NFL Talent Agent as you work your Fantasy Football team up.

QB Cam Newton Wall Graphic Fathead
QB Cam Newton

Continue reading NFL QUARTERBACKS’ MOST POPULAR PASSING LOCATIONS

If you’re reading this right now, chances are you didn’t win the lottery


By web gangsta | Published:

So we hear that you may have bought a lottery ticket or two recently, hoping to maybe win big.

Hey – it could happen. It only takes one set of numbers to win, right?  And somebody’s going to win the lottery eventually – it can’t keep growing forever without a winner, as that would end up decreasing sales if customers ever figured out that nobody ever wins.

That’s why we still bother to try, because while the chances of winning the lottery drawing are practically nil, it’s still a one in millions chance of hitting… and that’s better odds than not bothering to buy a ticket in the first place.

Continue reading IF YOU’RE READING THIS RIGHT NOW, CHANCES ARE YOU DIDN’T WIN THE LOTTERY

How to predict winning lottery numbers


By web gangsta | Published:

“How to predict winning lottery numbers?”  Let’s be a bit more specific — today we’re going to talk about why it really doesn’t matter what lottery numbers you pick.

Ever.

Look – winning the lottery is one of those one-in-a-billion opportunities.  Sure, someone somewhere is going to hit the Powerball or Megamillions jackpots – but they’re definitely not going to be able to tell you how they did it.

But lottery fever is going to take over your family, your office. Everyone is going to want you to pitch in your dollar for a chance at the multi-million dollar prize.

The question is, should you?

Continue reading HOW TO PREDICT WINNING LOTTERY NUMBERS

Facts Behind the Social Media Revolution


By web gangsta | Published:

Web Watch hopes that sometime over the past month, you have seen this video, entitled SOCIAL MEDIA REVOLUTION, asking if social media (such as Twitter or Facebook) or other electronic transactions are here to stay, or just a fad.

Looking at the statistics we saw earlier, Twitter is still bordering on fad.

If you haven’t seen it, or simply want to watch it again, here it is:

httpv://www.youtube.com/v/sIFYPQjYhv8

Continue reading FACTS BEHIND THE SOCIAL MEDIA REVOLUTION

What Are The Odds? (a different look at some statistics)


By web gangsta | Published:

Whenever Web Watch visits Las Vegas, we like to watch people play the “carnival” games scattered across the casino.

You know the games – high visibility on the gaming floor, but not a lot of chance that the people playing will actually walk away a winner.  An example:  we once watched someone blow through about $1000 in 10 minutes playing Casino War.  Yes, the children’s card game WAR as played in a casino.  He didn’t stand a chance (he should have moved to craps or blackjack, where the odds were much more in his favor).

Knowing what the odds are in any scenario, whether it be a game of chance or a life-altering event, is important.

But odds need to be put into perspective.  One could tell you that you have a 1-in-6 chance of taking the unshaken beer out of the 6-pack carrier during a game of Russian Beer Roulette, or they could just bet whether you can roll a six on a die.  They’re the same odds, but sometimes you need these things pointed out to you.

Continue reading WHAT ARE THE ODDS? (A DIFFERENT LOOK AT SOME STATISTICS)