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SD and probability...

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SD and probability...

Postby AlexMR » Sun Sep 11, 2005 11:49 am

I dont have my book available and forgot how to do this:

If I have an standard deviation of 32bb/100 and a win rate of 9.8bb/100 in a 11K hands sample, what are my chances of having a 100 hands session with a winning rate of 20bb/100.

I know the calculation is quite simple but I just cant be sure about it. I will make an example and plase correct me if I am wrong.

Baseball. A pitcher had ERA of 3.25 with SD of 1.89: Based on his info only, if I want to know the probability of having 9innings with 6 or less Earned runs is (using Normal Distribution):

6 - 3.25 = 2.75/1.89 = 1.455 SDs. Looking in a graph or using the excell function .....uhm, =DISTR.NORM.ESTAND(1.455) = 92.7% Sorry that s the name of the excel function in spanish. :oops:

The point is that chances 92.7% that this pitcher will allow 6ER or less in his next 9 innings.

Am I correct?? Please help me!!!
[17:16] alitomr: http://micropenis.ws/forum/viewtopic.php?t=723
[17:19] mekosking: wow
[17:19] mekosking: i give that poof a week tops
[17:19] mekosking: before he snuffs it
[17:19] mekosking: I THINK THAT MAY BE NV
[17:20] mekosking: IN DISGUISE
[17:20] alitomr: LOLZ
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Postby CipherJr » Sun Sep 11, 2005 4:11 pm

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Postby iceman5 » Sun Sep 11, 2005 8:17 pm

What are the odds that I dont have a clue if this formula is correct or not?
iceman5 [As]
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Postby AlexMR » Sun Sep 11, 2005 11:15 pm

:D

Thanks guys.

I just check and it s correct. That is a very interesting formula Ice. With that one you can calculate your risk of ruin.
[17:16] alitomr: http://micropenis.ws/forum/viewtopic.php?t=723
[17:19] mekosking: wow
[17:19] mekosking: i give that poof a week tops
[17:19] mekosking: before he snuffs it
[17:19] mekosking: I THINK THAT MAY BE NV
[17:20] mekosking: IN DISGUISE
[17:20] alitomr: LOLZ
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AlexMR
 
Posts: 3851
Joined: Fri Apr 29, 2005 11:27 am


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