I'm reasonably confident (i.e. I'll lay you 30-1 or 40-1, i.e. I think there's a 97%+ chance) that Mitt Romney is going to be the 2012 GOP nominee for President. Now, I could be wildly wrong in my estimation. And regardless of whether Romney wins or not, we'll never know for sure. Unless you assign a 100% or 0% chance of something occurring, any observable single-trial result will plausibly conform to your estimation.
And that, as they say, is what makes a horse race
And that, as they say, is what makes a horse…
And that, as they say, is what makes a horse race
I'm reasonably confident (i.e. I'll lay you 30-1 or 40-1, i.e. I think there's a 97%+ chance) that Mitt Romney is going to be the 2012 GOP nominee for President. Now, I could be wildly wrong in my estimation. And regardless of whether Romney wins or not, we'll never know for sure. Unless you assign a 100% or 0% chance of something occurring, any observable single-trial result will plausibly conform to your estimation.