KING: James, give us a simple example. What might be something you would ask her to do that could win her a million dollars? I know about writing it all up and everything. Give me an example. What -- you meet with her next week. You would say to her what?
RANDI: We would sit down and determine what she believes her powers are and to what extent they go, how far they will go, with what accuracy they will go. And then we would agree on a set of questions that would be asked that would have to have answers correct within a certain degree. We can do this.
KING: A question like -- like what? All right, give me an example.
RANDI: Such things as the gender of a person. That's a yes or no. That's a binary question, either right or wrong. Related, not related, old or young. And we'd have to determine what that would mean, too. A set of binary questions like this could easily decide whether or not Rosemary has the power.
KING: And how many questions would you want to have her respond to? As an example.
RANDI: It depends on what she says she can do and with what accuracy.
KING: With what you've seen tonight, what would you set up? How many questions?
RANDI: Oh, I would set up at least 40 questions.
KING: For -- and if she were right on 35, would she fail to get the million?
RANDI: You'd have to talk to a statistician about that, Larry. I'm not a statistician.
KING: Well, what would -- you give me an example.
(CROSSTALK)
What would you give the million for? What would you give the million for? Would she have to get 40 right?
ALTEA: Another wall.
RANDI: I can't talk the statistics with you. We have to refer that to our statisticians.
ALTEA: Another lock on the door. It's a very good trick, James, and I applaud you.
RANDI: There are no tricks being imposed here by me, Rosemary.
ALTEA: I think it's a really good trick. I think...
RANDI: The tricks are on your part.
ALTEA: Yeah, I think...
RANDI: I don't play tricks on people when I'm doing these tests.
ALTEA: Well...
RANDI: We agree at the test in advance, and you either pass or you don't pass. Will you try, yes or no?
KING: I'm asking a simple question, James. What is passing?
RANDI: It depends on what the test is, Larry. We have to assign the statistics to it.
KING: All right. A 40-question test, what passes? You know you're going to give away a million dollars.
RANDI: That's true.
KING: The statistician -- I assume you know statisticians. I assume you...
RANDI: No, I don't -- I know statisticians.
KING: You've never...
RANDI: I don't know statistics.
KING: So if she met with you tomorrow, you couldn't tell her what -- how many of the 40 she'd have to answer.
RANDI: Yes, I could, because I would have the right people on hand to advise me on the statistics. It's that simple.
KING: And if they told you she was 30 percent right, that would be considered extraordinarily accurate and you'd give her the million, if she had the 30 of the 40 questions right?
RANDI: If that were the statistical expectation that we could have, yes.
KING: Ah! But who sets the expectation? You can't tell us -- you have to give the statistician the expectation.
RANDI: That's right.
KING: The -- what do you ask him that he give you?
RANDI: The statistician will tell us what is significant in a set of binary questions, yes. The statistician will tell us if there were 40 questions, she would have to get x number right.
KING: I see.
RANDI: If there were 50 questions, you'd have to get...
ALTEA: I have something I don't understand.
KING: And he or -- and he or she, the statistician, would define "significant"?
RANDI: Yes, that's true.
ALTEA: I have something I don't understand. I have something here that I don't understand, because if -- James, what you're doing, and this deal is really genuine and you really expect to give it away this million dollars...
RANDI: No, I don't expect to give it away, no.
ALTEA: Well, OK -- well, you put it out there.
RANDI: I'm offering it to you.
ALTEA: OK, OK. If you -- well, then, you know, if you're seriously offering, not just to me but to anyone, I would have thought you'd really got this down. You would have had your numbers, you would have had your statisticians.
I mean, a million dollars is a lot of money. You don't just give it away and then come on TV show and say, well, it depends on this, it depends on...
RANDI: It all depends on what you claim your powers are and what your accuracy is.
ALTEA: I -- you know, I'd love you to you listen to this show. If you're recording this show, I would love you to listen to this show afterwards, because you're doing to me, to us, exactly what you're claiming I do to other people. You're doing exactly -- you are fishing, you are...