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Interesting stats about being dealer from Pavlicek

#21 User is offline   jogs 

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Posted 2014-December-20, 12:16

http://www.macroptio...dard-deviation/

Here's the link. Shows how to use sample variance to estimate population variance.
-----------------------
Take boards from BBO minis. Choose a matchpoint mini with over
50 tables. The boards are scored 0 to 100%. The std dev of a board
is approximately 28%. BAM is mps with a 1 top.
For BAM the std dev is approximately 0.28 when 50% of the boards
are pushes. The std dev is above 0.32 when about one-third of the
boards are pushes. For the std dev to drop under 0.25 there needs
to be over 60% pushes.
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#22 User is offline   cherdano 

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Posted 2014-December-20, 13:33

jogs, in case you really don't get it: the LOL'ed was one of the most well-deserved in BBF history, because
- you explained something blatantly obvious, and
- you didn't realize something else that's blatantly obvious, namely that the variance for the estimate of the mean is what is relevant for Helene's point.

If you delete your posts (which I'd do in your position), I will do you a favour by deleting mine which quoted yours.
The easiest way to count losers is to line up the people who talk about loser count, and count them. -Kieran Dyke
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#23 User is offline   benlessard 

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Posted 2014-December-20, 14:47

Was That Sarcasm?
--no
Was That Sarcasm?
--yes
Was That Sarcasm?
From Psych "I mean, Gus and I never see eye-to-eye on work stuff.
For instance, he doesn't like being used as a human shield when we're being shot at.
I happen to think it's a very noble way to meet one's maker, especially for a guy like him.
Bottom line is we never let that difference of opinion interfere with anything."
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