I have a solution of water and ethanol containing my hydrophobic target molecule that dissolves well in ethanol (5mg/ml) and poorly in water (0.00005 mg/ml). If these solvents were immiscible, I'd feel comfortable knowing how much of the molecule is in each phase (expecting to find 100,000 times more in the water than the ethanol). However, I am not confident that I can simply use these numbers to predict the amount of my target molecule that is soluble in this miscible mixture. If I spun down 10 mls of a 50:50 mix of water and ethanol containing 20 mg of my target molecule – where should I expect to find most of my target molecule?