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Re: sentiment_stocks post# 291862

Thursday, 06/25/2020 10:59:37 PM

Thursday, June 25, 2020 10:59:37 PM

Post# of 685944
sentimemt_stocks,

The statement "more likely than not" is a relative term that that can be stated as a percentage such as "more likely than 50%". The opposite/negative/not of this is "less likely than 50%". So the whole statement can be rewritten as "there is in our opinion a less than 50% chance that resolution of these tax matters will result in a material charge (between $0 and $800,000). Now if we put it in terms of a Monte Carlo model we might actually be able to quantify what this means : ). Best wishes.
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