What are the odds?

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What are the odds?

10 Advanced Phrases for Talking about Statistics

The crime rate rose.

The crime rate went up.

There was a sharp increase in crime. (sharp = sudden and large)

There was a gradual rise in crime.

There was a spike in crime. (spike = a sudden increase and then decrease)

The crime rate reached its peak. (peak = the highest point)

The crime rate plateaued. (plateaued = stayed at the same level)

There was a slight decrease in crime.

The crime rate dropped.

The crime rate plummeted. (= decreased a lot, very quickly)

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You got lucky, didn't you? The odds weren't in my favor, were they?

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Fans of the Hunger Games series will be familiar with the phrase, “May the odds be ever in your favor”.

 While most people may understand odds to mean luck, in truth, odds have nothing to do with luck. And not only can they be applied to a game of war, they can also be applied to real life.

You see in mathematics, odds = probability and what is life but a sequence of numbers. Everything that exists is literally a number. From statistics which study behavioral patterns, population, litres, volume, distance, percentages, angles, probabilities, averages, binaries used in coding and so on.

In the grand scheme of things, we’re all numbers, 1 in 5 million, 1 in 7 billion (you get the gist) and finance is the ultimate game of numbers.

Those who acquired financial success are those who realized early the math of financial success and tilted the odds in their favor.

So briefly, let us look at the basic advantages of the world’s richest:

1. Born with great socioeconomic bearing

2. Better looking or smarter than the average

3. Attended good schools

4. Charted their career according to the predicted needs

5. Remained consistent

#1 already rules out 90% of the world’s population. According to UNICEF, only 10% of the world’s population fall into the above average socioeconomical category.

# 2 cancels out 75% of the world population. Only roughly about 25% or less of the world’s population are deemed to be above average intellectually and physically.

# 3 is more within your control. But it is linked to your socioeconomic bearing, intellectual abilities, and decisions made by your parents and guardians.

So, that leaves #4 & 5 96% within your control. 

Attended good schools

Charted their career according to the predicted needs

Remained consistent

Number 1 already rules out 90% of the world’s population. You see, according to UNICEF, only 10% of the world’s population fall into the category of being above average socioeconomically.

Number 2 cancels out 75% of the world population. Only roughly about 25% or less of the world’s population are deemed to be above average intellectually and physically.

Number 3 is more within your control. But it is linked to your socioeconomic bearing, intellectual abilities, and decisions made by your parents and guardians.

That leaves number 4 & 5 which are actually 96% within your control.

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How to differentiate defining and non defining relative clause?

A defining relative clause identifies who or what we are speaking about, whereas a non-defining relative clause just gives us more information about who or what we are speaking about.

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