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Probability Quote of the day

The true Logic for this world is the Calculus of Probabilities, which takes account of the magnitude of the probability.

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

Statistically, the probability of any one of us being here is so small that you'd think the mere fact of existing would keep us all in a contented dazzlement of surprise.

The statistical probability that organic structures and the most precisely harmonized reactions that typify living organisms would be generated by accident, is zero.

Most men in this world are colored. A belief in humanity means a belief in colored men. The future world will, in all reasonable probability, be what colored men make it.

We are not good at recognizing distant threats even if their probability is 100%. Society ignoring [peak oil] is like the people of Pompeii ignoring the rumblings below Vesuvius.

Why, sir, there is every probability that you will soon be able to tax it! Said to William Gladstone, the Chancellor of the Exchequer, when he asked about the practical worth of electricity.

Entropy theory, on the other hand, is not concerned with the probability of succession in a series of items but with the overall distribution of kinds of items in a given arrangement.

We have a bow and arrow and if we aim well, we can hit the target. The problem is that Bayern has a bazooka. The probability that they will hit the target is clearly higher.

In far from equilibrium conditions, the concept of probability that underlies Boltzmann's order principle is no longer valid if the structures we observe do not correspond to a maximum of complexions

Yet there seemed to be some truth in the law of probability, according to which the chance of success is directly proportionate to the number of repetitions.

Labeling and diagnosis is a catastrophic way to communicate. Telling other people what's wrong with them greatly reduces, almost to zero, the probability that we're going to get what we're after.

If you find that your organization can't make the hard decisions that Scrum demands, then high-risk, uncertain projects have very little probability of success in your organization.