Re: How Do I Calculate This?
[ QUOTE ]
[ QUOTE ]
How much differentiation would you expect, in percent, between the two answers, since they are not independent events? Just so I have a rough idea.
[/ QUOTE ]
In this case, you expect negative correlation. The maximum percentage of time you can be called is 60%, that's if no more than one player ever calls you. I would expect the actual answer to be between 49% and 60%, say 55%.
The other extreme, if the calls are completely positively correlated, is you could be called only 20% of the time, but always by all three other players.
[/ QUOTE ]
I'm a little confused. Sorry. Let me say what I understand. 1- .8^3=.488. This means that 48.8% of the time, nobody will call. Or that 51.2% of the time, at least one person will call.
As someone said, since these are not independent events, this answer is a little off. And you are saying it can be as much as 9% off? (51.2% up to 60%?) But more likely somewhere in the middle?
Is that how I should understand your answer?
|