Re: anyone know how to calculate standard deviation?
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Let me tell you what I'm trying to do. I need to calculate the SD because all the automated tools deal with 9 handed/10 handed sngs, and I play 6 handed where only 2 get paid. I want to know how much 3 less people cuts down the variance.
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It's still 33% get paid. I don't see how it would change at all from 9 man games.
Not taking into consideration difference in 1-2 payout.
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Yeah the payout is the same, but the variance is different and I want to know how much, because I want to know how many tourneys give me a relevant data set.
In the FAQ, one of the mods stated that 500-1000 tourneys is good in terms of predicting a baseline for ROI and such. Is the same true for 6-handed? I would think it would be less because less people playing means less variance....can I just chop it by a third or is it more complicated?
Also, in the example in the FAQ the mod threw out an SD of 19. Is that arbitrary?
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