newdude116

Better would it be do explain with a standard distribution (what wealth isn't). Lets assume that 1 SD of income corresponds to 10 cm. So 3SD or 60cm, basically your screen size, corresponds to 99.7% of the population.

Some random data from the internet: "The median household income in Franklin County Ohio is about $43,000 although the average household income is closer to $54,000. The standard deviation of household incomes is about $30,000. You pick a random sample of 50 households. What is the chance the average household income in your sample is over $60,000?" https://online.stat.psu.edu/stat100/lesson/8/8.3

Household income may be even two earners. But assuming broadly 50k, sd 50k per person to make it easier and taking into account more affluent areas, only a few people make more than 200k per year.

Now lets assume Bill Gates or the Oligarch of your choice makes 10% ROE on his wealth. If he has 100 Billion, this is 10 Billion a year. This should be 200,000 Standard Deviations. If one SD corresponds to 10 cm, this should be 20 km on our scale.

So we can see the income of 99.7% of the population on our screen, but Bill Gates income would be 20 km away.

(Hope I made no mistake, feel free to correct)

PennState used an extraordinary bad example to teach the normal distribution, they chose a case where you have a fat tail distribution.

Comment · 5 years ago

You don't know that. Rules can change. Would be a great way to bring money in.

Comment · 5 years ago

1. not. Sure. Hey. website.io is cool now. .ly too. But you don't know how long the rules will last. They may insist you must open a company in this jurisdiction!

2, "You can sue to have a domain name confiscated if you own the trademark with the same name"

Yes sure. What do you know about trademark law and English common law? A few hints: trademarks are granted for classes and a trademark in another class or another jurisdiction would buy you nothing. lets take sampleword.com

A trademark for sampleword for delivering consulting services would not prevent me from running a shoe shop under this domain. Or a trademark in the US would not prevent me from using in in another country. Country specific domains may offer some protection here but not for .com .net