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Using the Binomial Distribution function in excel

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Gadam Using the Binomial... 09-10-2008, 05:44 PM
Gadam Hi, my threads seems to have... 09-27-2008, 06:24 AM
shg I don't think this can be... 09-28-2008, 04:20 PM
Gadam WOW!!!! Thank you so much... 10-16-2008, 05:09 PM
shg Thought you'd died ... To... 10-16-2008, 05:17 PM
Gadam err.... I've just realised... 10-16-2008, 05:28 PM
Gadam Thats amazing, thank you very... 10-16-2008, 06:02 PM
shg You're welcome, thanks for... 10-16-2008, 06:24 PM
Gadam Hi SHG, I've gone over the... 10-17-2008, 10:55 AM
shg As I tried to explain (and... 10-17-2008, 11:26 AM
shg ... for example, ... 10-17-2008, 12:00 PM
  1. #9
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    Hi SHG,

    I've gone over the excellent piece of code that you contributed a few times and think that there is a small anomoly but cannot figure out exactly where.

    I set up a small tool to use the function and think that the percentage split for heads and tails is being amplified too much when you seperate them.

    When they are split 50/50 the results look correct but any other weighting looks wrong when I've experimented. I'll give a few examples:

    50/50 split and the goal is first to reach 5 successes (best of 9):

    Chances of either side winning (50%/50%)

    2-1 (57%/43%)
    3-1 (67%/33%)
    4-1 (80%/20%)
    3-2 (50%/40%)
    4-2 (75%/25%)
    4-3 (67%/33%)

    Like I said before these look to be bang on in terms of reflecting the chances of either side winning.

    In a 60/40 split with the same goal however I get these results:

    Chances of either side winning (88%/12%) ???

    2-1 (85%/15%)
    3-1 (88%/12%) ???
    4-1 (92%/8%)
    3-2 (81%/19%)
    4-2 (88%/12%) ???
    4-3 (79%/21%)

    With a 60/40 split the tails (40% side) has to get to a score of 0-4 before it is considered more likely to win which surely cannot be correct.

    Have I applied the piece of code that you made me wrong or is there a simple solution the problem? I have attached a copy of the spreadsheet that I was using on here (the cells using the formula are in D13 and D14)

    Once again, thanks for all of your help up until now I really appreciate it.


    Thanks

    Gadam
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