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MickeyHoldem
09-28-2005, 06:37 PM
Can you calculate the probability of having a winning session of length t (in hours) given an hourly winrate & standard dev. or do you need more info?

say....
winrate = $17/hr
std. dev. = $140/hr

BruceZ
09-28-2005, 07:56 PM
[ QUOTE ]
Can you calculate the probability of having a winning session of length t (in hours) given an hourly winrate & standard dev. or do you need more info?

say....
winrate = $17/hr
std. dev. = $140/hr

[/ QUOTE ]

Using Excel function NORMDIST:

=1 - NORMDIST(0,winrate*t,std.dev.*sqrt(t),true)