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The values would be more relevant with the percentage of total medals won over the total metals available as the number of disciplines and medals changes with the Olympic Games considered.
Hm, that’s a good point, but has it changed that much since then? I have the impression that, apart from the host country’s choice event, it’s been fairly stable for 4-5 editions at least.
Stats cover since 1895. So yes, it changed from 43 to 300+.
See bottom table here:
