> I'm getting something like 775% chance it would happen yearly, but that seems too likely,
In probability, when you roam outside of the 0-1 (or 0-100%) range, you can guarantee with 775% certainty that something went wrong somewhere. ;)
In probability, when you roam outside of the 0-1 (or 0-100%) range, you can guarantee with 775% certainty that something went wrong somewhere. ;)
There’s still some chance it doesn’t happen in one year.
You cannot have a probability P[X ≥ 1] >1.
There is no 'probability per year' (if it were meaningful year would have to be <1 for a >1 result anyway) - that time frame is built into 'X', it's 'inside' the probability.
It's been clear throughout this thread what was meant.
Probably something like reciprocal half-life; 775% / yr is about 1 / 1.5 month ie, happens about once every month and a half.