NorthWest Biotherapeutics Inc (NWBO): Miltong, Thanks. I see the logic. 100%...

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NorthWest Biotherapeutics Inc (NWBO)

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Re: miltong post# 295269

Friday, 07/17/2020 2:34:25 PM

Friday, July 17, 2020 2:34:25 PM

Miltong, Thanks. I see the logic.
100% minus the probability that ALL 3 fail = At least 1 succeeds
2.7% all fail (30%*30%*30%)

Then even if the probability for fail is 70% for each, the probability that all 3 fail is only 34% (70%*70%*70%). That still leaves a 66% probability that at least one will succeed... looks like a VC fund investment model.

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