Re: What would be the best limit to start at?
My RNG is fine. Possibly the program is flawed in some way.
The formula I'm going on is this
N >= p * (1 - p) * (z_alpha/2) / epsilon^2
p is the EV
z_alpha is the Z value for your confidence interval.
epsilon is your acceptable margin of error
z_alpha I get as 1.6449 for confidence interval of .95
p * (1-p) is obviously .25
When I plug-n-chug I get N >= 8224
Which matches my experimental results.
Now, I admit that I am no statistician, but I consulted with one before starting to use this formula for my simulation work. I use this simulation to figure out how many iterations I need to do, to be "close enough" to the real value for simulation.
Maybe we should post this to the probability forum?
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