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#1
06-21-2003, 08:45 AM
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STATS 101
Posted By: Jay Miller
I bid on one item in Slater's Americana Auction last evening. Since the auction had a crazy format where the 10 minute rule didn't kick in until 1:00 AM EDT I left an up to bid 5 increments above my then current high bid when I went to sleep at 12:30. I woke up this morning to find I had won the lot at exactly my up to bid. For all those out there who are better at stats than me, what are the odds of that happening? 
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