Two Plus Two Older Archives - Prob. of winning session?

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MickeyHoldem

09-28-2005 06:37 PM

Prob. of winning session?

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

Re: Prob. of winning session?

[ 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)

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