Physics Forums

Physics Forums (http://www.physicsforums.com/index.php)
-   General Math (http://www.physicsforums.com/forumdisplay.php?f=73)
-   -   Can someone tell me how to calculate this? (http://www.physicsforums.com/showthread.php?t=557633)

bonap1 Dec6-11 05:01 PM

Can someone tell me how to calculate this?
 
I'm in a football pool where it's winner takes all. 1st place pays $400,000 and 27 players remain. What is my expected value or equity right now with 27 players? How do I calculate this?

HallsofIvy Dec6-11 07:57 PM

Re: Can someone tell me how to calculate this?
 
Assuming all players are equally likely to win, and you haven't given any information that would allow us to calculate expected value under any other assuption, your expected value is simply 400000/27= $14814.81. If everyone is equally likely to win the expected is exactly the same as dividing the pot among the players equally.

bonap1 Dec7-11 04:26 AM

Re: Can someone tell me how to calculate this?
 
Tyvm Ivy


All times are GMT -5. The time now is 10:21 PM.

Powered by vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
© 2014 Physics Forums