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Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.
The ratio of yellow cars to white cars is 4 to 2 and may be expressed as 4:2 or 2:1. A ratio is often converted to a fraction when it is expressed as a ratio to the whole. In the above example, the ratio of yellow cars to all the cars on the lot is 4:12 or 1:3. We can convert these ratios to a fraction, and say that 4 / 12 of the cars ...
The ratio estimator is a statistical estimator for the ratio of means of two random variables. Ratio estimates are biased and corrections must be made when they are used in experimental or survey work. The ratio estimates are asymmetrical and symmetrical tests such as the t test should not be used to generate confidence intervals.
For example, the ratio 4:5 can be written as 1:1.25 (dividing both sides by 4) Alternatively, it can be written as 0.8:1 (dividing both sides by 5). Where the context makes the meaning clear, a ratio in this form is sometimes written without the 1 and the ratio symbol (:), though, mathematically, this makes it a factor or multiplier .
In mathematics, the silver ratio is a geometrical proportion close to 70/29. Its exact value is 1 + √2, the positive solution of the equation x 2 = 2x + 1. The name silver ratio results from analogy with the golden ratio, the positive solution of the equation x 2 = x + 1.
The intercept theorem, also known as Thales's theorem, basic proportionality theorem or side splitter theorem, is an important theorem in elementary geometry about the ratios of various line segments that are created if two rays with a common starting point are intercepted by a pair of parallels.