Title: Probability Question Post by: snoopy1239 on October 09, 2012, 11:31:21 AM It's been a while since I've done my maths GCSE ('O' Level for the oldies), but was wondering if anyone knew how to work out this question:
If, on average, I cash in 1 in 5 and play 12 tournaments, what are the chances that I will make the money in a minimum (not exactly) of 6 events? I gave it a crack but tied myself up in knots. Title: Re: Probability Question Post by: DungBeetle on October 09, 2012, 12:02:39 PM n! Success r! (n-r)! Cominations Probability 1 combo Probability all combos
479,001,600 6 720 720 924 1.67772E-05 0.015502148 7 5040 120 792 4.1943E-06 0.003321889 8 40320 24 495 1.04858E-06 0.000519045 9 362880 6 220 2.62144E-07 5.76717E-05 10 3628800 2 66 6.5536E-08 4.32538E-06 11 39916800 1 12 1.6384E-08 1.96608E-07 12 479001600 1 4.096E-09 4.096E-09 1.94% Title: Re: Probability Question Post by: DungBeetle on October 09, 2012, 12:03:50 PM Formula needed is n!/r!(n-r)! to work out your combinations and then easy from there.
Title: Re: Probability Question Post by: snoopy1239 on October 09, 2012, 12:07:12 PM Cool. Many thanks. Please excuse my stupidity, but can you confirm the values in the above formula (i.e. what does 'r' reference?)?
Title: Re: Probability Question Post by: DungBeetle on October 09, 2012, 12:15:35 PM n! = total number of combinations i.e. 12x11x10x9x8x7x6x5x4x3x2x1
r! = number of combinations for 6 wins i.e. 6x5x4x3x2x1 (n-r)! = number of unchosen combinations i.e. (12-6) = 6x5x4x3x2x1 The formula then gives you total combinations for posting 6 wins in 12 tournaments. You then work out the probability of winning 6 tournies and multiply by total possible combos to get total probabilty you post 6 wins. You then do 7 wins, 8 wins etc. Then add them all up. Title: Re: Probability Question Post by: snoopy1239 on October 09, 2012, 12:20:27 PM Ta. Much appreciated.
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