Personal Finance
Odds of Dying From a Viral Flu (Versus Winning Toto)
By Sethisfy  •  January 29, 2020
Tl;dr: Keep calm and carry on.

Statistical probabilities are a fact of life, and the currently topical issue of infectious illnesses makes such discussions interesting again.

Purely out of curiosity and boredom, here are some napkin Mathematics I’ve done on the probabilities of striking Singapore’s million-dollar Toto and dying from the coronavirus that has since reached our shores. During 2003’s SARS, 238 people were infected. Singapore’s population then was roughly 4.2 million. That’s a 0.00567% chance. 33 people, or 13.9% of the victims, unfortunately succumbed to the illness. That makes the raw odds of dying from SARS 0.000786%. The current coronavirus situation seems less severe than SARS. The mortality rate appears to be closer to 3% than SARS’s 11-13%. Singapore is also more prepared now, compared to how we were caught off guard almost 20 years ago. I think it’s fair to say that the odds...
Read the full article
By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance