I used the formula for the binomial distribution, thus my numbers are
fairly exact, limited only by calculation precision. You used the
BINOMDIST function and I believe found some roundoff errors in that
function. If you google BINOMDIST I believe you will find some
articles about inaccuracies in that function. Just to clarify:
Binomial distribution = COMBIN(n,x)*(p^x)*((1-p)^(n-x))
BINOMDIST = an EXCEL function which isn't always exact
Here's the binomial distribution calculation for 4 royals:
40390.54745193 times 40389.54745193 times 40388.54745193 times
40387.54745193 /24 times
(1/40390.54745193)^4 times
(40389.54745193/40390.54745193)^(40390.54745193-4)
= 1.532736127203% (double precision floating point calculation)
May I humbly suggest that if whatever calculation you are using does
not produce a similar number, there is a problem with your calculation.
···
--- In vpFREE@yahoogroups.com, "Bob Dancer" <bob.dancer@...> wrote:
Night said: By "binomial distribution" Steve is refering to:
COMBIN(n,x)*(p^x)*((1-p)^(n-x))
Which may or may not be the same as EXCEL BINOMDIST(x, n, p, false)
n=sample size, x=number of hits, p=probability of getting a hitFair enough. I'm willing to trust Excel on this. Since we know Poisson
is a close approximation, and we saw that the numbers NIGHT came out
with (using Poisson) were indeed close to BINOMDIST. Further, Excel
would have every reason to have their BINOMDIST be appropriate, I'm
content to continue to use it.Whether or not CDSFRULE is concerned with the number of keystrokes I
"waste" by doing so.Bob Dancer
For the best in video poker information, visit www.bobdancer.com
or call 1-800-244-2224 M-F 9-5 Pacific Time.[Non-text portions of this message have been removed]