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Old 01-27-2005, 01:02 PM
rachelwxm rachelwxm is offline
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Join Date: Sep 2004
Location: nj
Posts: 288
Default Re: There is no such thing as a confidence interval for sit-n-go\'s.

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Just out of curiosity, what are some examples of data samples that you think can be subject to this sort of statistical analysis?


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Inferential statistics are used to draw inferences about a population from a sample. Many examples would be manufacturing related. For example, the weight or dimensions of any particular widget coming off an assembly line. Also, behavioral studies, such as what does the effect of drinking 12 Heineken's have on one's ability to correctly spell their name in the snow. That's probably a bad example, but you get the idea.

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I think you infer that poker cannot be subject to mean ROI analysis? It is true that your poker skill, along with the slowly improvement of the field do affect your long term trend of your ROI, for example if you play one SNG per day, confidence level can never mean to you. But for guys that play 300-500 game a month assming your skill does not change that dramatically, you can actually infer some meaning results.
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