Tuesday, January 25, 2011

Another milestone: 2000+ flips



2002 samples now.

And yet, no 5000 gold card.

Imagine that the actual chance of getting the winning card is 1/1000. Then, the chance of me not drawing the grand prize in 2000 draws (assuming iid) is 13.52%. If the chance is 1/800, then that same percentage drops to 8.2%. I think I can now pretty safely claim that the chance of winning is smaller than 1 out of 800.

And yet, I can't stop gambling...

Cumulative stats summary:

Total Samples: 2002
Current total prize money won: 4761.6 g
Current estimated fair price: 2 g 37 s 84 c


Prize (gold) CountPercentageBootstrap Error (1-sigma)
0.1 105652.75%1.12%
0.5 39419.68%0.88%
1 31915.93%0.82%
5 1849.19%0.65%
20 361.80%0.30%
50 60.30%0.12%
200 60.30%0.12%
1000 10.05%0.05%
5000 00.00%NA


Here's a plot of the distribution:




Raw data page is updated.

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