Say you entered a giveaway that ended with 100 entries - your estimated wins would go up by 0.01, as 1 would be definite winning, and a 100th of that is 0.01 - it's how many times you should have won (but not something to go by in some cases).
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If you flip a coin twice, how many times do you expect to see a heads?
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Umm, no. Each coin flip has a 50% chance of coming up heads. The previous flip does not affect the next flip.
You are overall going to see half heads and half tails, give or take a few.
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I think what he means is to get heads both the first AND the second time. That actually is 1/2 * 1/2 = 1/4 = 0,25 What comes unaffected is getting heads the first time OR the second time.
The difference is between union or intersection of cases.
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What does estimated wins mean?
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