All times shown are
Eastern Time (GMT-5:00) | Home -> Forums -> Mathematics -> How to Determine If Results are Likely Not Random? How to Determine If Results are Likely Not Random?Previous TopicNext TopicNew Member
Paris France Member #122654 February 5, 2012 10 Posts Offline | | Posted: February 9, 2012, 6:30 am - IP Logged | |
General Question: How can I determine if results are likely not due to randomness? Specifics: The results of my Monte Carlo simulation shows that, out of a large number of trials, my results (based on only 100 actual bets) are in the top 30% and top 5% (winnings, matches, whatever). While that's nice, there are a lot better random results. So how can I convert the results of the Monte Carlo simulation into a statement such as "There's a 95%/99% confidence that the results are not due to randomness." What kind of results and what level of results are needed to create such a statement? | | |
New Member
Paris France Member #122654 February 5, 2012 10 Posts Offline | | Posted: February 11, 2012, 8:18 am - IP Logged | |
In answer to my own question, there are web page calculators that, given a list of values, will calculate value count, mean (average), variance and standard deviation. There's other web pages that will use those results to calculate confidence intervals for the mean for various alphas (90%, 95%, 99%). These sites have exactly answered my question. | | |
NASHVILLE, TENN United States Member #33768 February 20, 2006 866 Posts Online | | Posted: February 11, 2012, 1:26 pm - IP Logged | |
Read up on the Chi-Square and T-Squared in statistics. | | |
mid-Ohio United States Member #9 March 24, 2001 13924 Posts Online | | Posted: February 14, 2012, 2:49 pm - IP Logged | |
General Question: How can I determine if results are likely not due to randomness? That's like asking when some one calls out heads how can you tell if they flipped a coin to come up with it. * that which happens most *
* is most likely to happen again * 
| | |
GO TIGERS MICHIGAN United States Member #82269 October 28, 2009 8818 Posts Offline | | Posted: February 26, 2012, 9:31 am - IP Logged | |
| | |
The Quantum Master West Concord, MN United States Member #21 December 7, 2001 2441 Posts Offline | | Posted: February 27, 2012, 12:21 pm - IP Logged | |
Presented 'AS IS' and for Entertainment Purposes Only. Use at your own risk.
Any gain or loss is your responsibility.
Order is a Subset of Chaos.
Knowledge is Beyond Belief.
The Name Anagram
name - Douglas Paul Smallish
amen - US God plus Islam Allah
mean - Jehocifer
JADE Quintrains
| | |
Dallas, Texas United States Member #4629 May 2, 2004 711 Posts Offline | | Posted: February 27, 2012, 12:47 pm - IP Logged | |
LMAO.... | | |
bgonçalves Brasil Member #92592 June 9, 2010 662 Posts Offline | | Posted: March 2, 2012, 9:22 am - IP Logged | |
Hello, lorso. As in all probability and statistics is 80/20. The question is how the concept could apply 80/20 lottery, Maybe join monte carlo with the concept of pareto80/20! That is the bell curve with 80/20 | | |
bgonçalves Brasil Member #92592 June 9, 2010 662 Posts Offline | | Posted: March 2, 2012, 9:53 am - IP Logged | |
Hello, using monte carlo, and concept Pareto (80/20) could be such a lottery 49/6 taking advantage a conjuçao (associçao) favorable pairs and trios, six positions in the lottery 49/6 or other lottery because we need to see who is coming in who draws It's not who came out with whom, male or female! Ahhhh, but even numbers and odd In twos and threes. | | |
United States Member #5700 July 13, 2004 983 Posts Offline | | Posted: March 3, 2012, 5:30 pm - IP Logged | |
Hmmmm.. 1,2,3,4,5 1,2,3,4,5 And the odds of 5 numbers repeating are? Odds of 5 numbers in sequence? Odd of 5 numbers in the same decade?.... 1,2,3,4,x 1,2,3,4,x And the odds of 4 numbers repeating are? Odds of 4 numbers in sequence? Odds if 4 numbers in the same deacade? In other words, if you get results that are 1 in million chance happening repeatively over a small amount of draws...there is a problem. Welcome to the California Fantasy 5. The most valuable things in life are not things. My predictions at the LP are simply a testing ground of my latest hairbrained ideas, please don't take them seriously. | | |
|
