Statistical Sampling Question

Reply #2

lottologix — Sat, 04 Jan 2020 05:23:27 GMT

Most of the time these ideas while they may yield a winning set there is often either too many numbers to play or not enough numbers that will hit enough of the time to see any real gains. But its always fun to try and backtesting an idea is free

Reply #1

Raven62 — Sun, 08 Dec 2019 15:49:25 GMT

Just so you know the math behind it, here are the formulas used to calculate sample size:

Sample Size Calculation:

Sample Size = (Distribution of 50%) / ((Margin of Error% / Confidence Level Score)Squared)

Finite Population Correction: True Sample = (Sample Size X Population) / (Sample Size + Population)

Sample Size Calculator:

https://www.surveysystem.com/sscalc.htm

Statistical Sampling Question

mitachoo — Sun, 08 Dec 2019 15:34:26 GMT

I have a Statistics question that I' having trouble putting into words, so bear with me as I try to get across what I'm asking via an example:

Let's say I'm looking at people that live in a certain region, the population of which is known. Let's call the population N . Lets say there's S people in the population that fancy the color Blue. I have sampled this population to determine an estimate of S/N. The sample size is n , and the number of successes (i.e how many people sampled do in f... [ More ]