Hi Linda,
Oh, are we back to the "randomizer?" We are? Oh. OK!
Linda, nicely researched - as always. Subtle nudge too - just to get us back on track. Heh...heh... I read you!
The randomizer (interesting word Cheri, huh?)
Well, just look at those numbers would you?
Here's a nice little saying that I have whenever I want to cut straight to the heart of anything...
"Numbers don't lie, words do."
Hmm. So let's look at those numbers...
The key numbers are 146 and $1175. Now, if my logic is correct I am assuming that 146 people put in $15 (3x$5) each. That's $2,190.
So, from $2,190 in the kitty an amount of $1,175 has been paid out. That leaves $1,015 that is... well, it's somewhere. Somebody is the custodian of that balance. Er, no prize for guessing who has it!
More fun with numbers...
146 people pay in $15 each. Total payments are $1,175. Divide $1,175 by 146. The answer is ... $8.05. Hmm.
What does this mean? It means that on AVERAGE, an investment of $15 returns only $8.05. On average everybody LOSES $6.95. Hmm.
Does that sound like a GOOD investment? I don't think so.
None of this takes into account the fact that most people probably lost the entire $15 so that a select few (read that as the promoters) make heaps.
Like I said:
"Numbers don't lie, words do."
Nice investigation Linda.
Gary Simpson
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