Re: How Do I Calculate This?
[ QUOTE ]
I think it would actually be 1 - .8^3. He's one of the four people at the table.
1 - .8^3 = .488, so 48.8%, you'll be called. 51.2% you'll win uncontested.
[/ QUOTE ]
Is this the correct way? Not being a mathematician, I didn't know whether it should be 1 - .8^3 or 1 - .8^4. I don't mean to doubt any of the posters above, but can someone confirm that is should be ^3 instead of ^4. That makes sense to me, but I don't know who is correct.
|