Word: randomization
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Dates: during 1960-1969
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STOCK INVESTORS stood a 60% chance of coming out ahead last year, if they bought shares at random on the New York Stock Exchange. Of issues listed on big board, 623 rose (most of them well over 10%), while 413 fell, most of them less than 10%. In all, 100 issues jumped 50% or more...
...lines, of which five have been lost in accidents; another nine have been damaged, and of the nine, only two of the birds could be put back into flight condition. The accidents did not stem from any basic flaw in design. Most of the troubles came from unrelated, random-type failures that plague every missile, including the Atlas, which failed five times in a row earlier this year before the bugs were taken out. The big problem is that Martin has had not only routine troubles but so many plain, ordinary goofs. Among them: a Titan suffered ruptured tanks...