7.500 Euro Loss
Hi, Our intuition often plays tricks on us. Especially in statistics. Humans are not made to intuitively understand statistical relationships. For example, the Birthday Paradox . What do you think? What’s the probability that in a room with 23 people, two have the same birthday? 5%? 10%? 20%? … Wrong. The probability is 50%. If you look at two classrooms, statistically, one class will have a shared birthday. In a room with 50 people, the probability is even over 97%.