What I was thinking was that there was a 1 in 5 chance that it would not be renewed, so after 5 years, it would not be renewed, so yea...thats my noob math thing, lol.
Originally posted by RadRacer OK. If the company likes the contract and is happy with it, the probablility may go up, but if they don't, it will go down. Since you stated it will 80% each time, then it wouldn't be lowering each time they renew. So, they may renew it an infinite amount of times, since the percent of them renewing is constantly 80%. You didn't say that next time they renew, they're chance of renewing may be 80% of their last chance, you just said that it would be 80%. That gives the impression that it will always be 80%.
Linear Mode
