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MJ: Standard Deviation
Ok I changed the numbers to make things easier:
Unit = $25.00
Win Rate/Hr = $52.15
SD/Hand = 4.375 units = $110.00
SD/Hr = $43.75
100 Hands/Hr
if you play 100
> hands per hour, you'd have to multiply the
> per-hand SD by 10 (square root of 100) to
> get the hourly SD.
Ok now why would I have to calculate the Hourly SD if that is already computed by CVCX?
According to CVCX it is $43.75. However if I try and do it your way here is the result:
SD/Hand x 10(sq root of 100) = Hourly SD
$110.00 x 10 = $1100.00 Hourly SD
$1100.00 is way off from the SD/Hr of $43.75 given by CVCX(see above)!! The only way this could work out is if the Hourly SD is in Units/Hr and not $/Hr.
Here is what I mean:
SD/Hr = 4.375 units(SD/Hand) x 10 = 43.75 units(NOT dollars)
Now everything seems to match up.
Is this correct?
-MJ
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