View Full Version : Prob. of winning session?
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)
vBulletin® v3.8.11, Copyright ©2000-2024, vBulletin Solutions Inc.