Thus on a twenty draw splurge, I would expect to loose 5$+- 1,94 per drawing or
100$+-38,75 for the lot.
Note that this error margin decreases with the number of draws. For a 100 draw situation
I would expect to loose 5$+-.87 per, or 500$+- 87, a less bumpy ride.
Of mathematical interest, the sine value of a 60 degree angle is .866… Squared, this is ¾.
Example from : Jacques Allard, Concepts fondamentaux de statistique, Addison-Wesley, 1992.
100$+-38,75 for the lot.
Note that this error margin decreases with the number of draws. For a 100 draw situation
I would expect to loose 5$+-.87 per, or 500$+- 87, a less bumpy ride.
Of mathematical interest, the sine value of a 60 degree angle is .866… Squared, this is ¾.
Example from : Jacques Allard, Concepts fondamentaux de statistique, Addison-Wesley, 1992.
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