Re: Exact answer 11.7327% ? (edited)
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Look at the 1000 hands as 900 overlapping windows of width 100.
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I found no mistake in your formulas, but wouldn't use want to use 901 windows?
OTOH, I am confused by some entries in your sim post. Cell E1 should be =D1; the other 900 (or 899?) cells Ei should max cells Di and E(i-1). Is that what you actually did? Perhaps this explains the discrepancy.
alThor
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