Well, whatever difference in technology is between two conventional combatants is almost always minor compared to other factors such as crew training, tactics, terrain and the operational situation. For tanks specifically the employment of combined arms support is often decisive as well. A numerical advantage is also effected by these factors, of course, but slightly less so.
All else being equal, I would tend to agree with what Skybird said. Technology can compensate for a lack of numbers, but only by so much compared to a large advantage in numbers.
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