Can someone tell me how to calculate this?

  • Thread starter bonap1
  • Start date
In summary, calculating involves using mathematical equations and formulas, and having the necessary data or information to plug into the formula. If you don't know the formula, you can research online or consult with a colleague or mentor. It is important to have a clear understanding of the problem before attempting to calculate it. Someone can demonstrate the steps needed to calculate a specific problem, which can be helpful for accuracy and understanding. The numbers used in the calculation will depend on the problem, so it is important to carefully analyze the problem. While there are calculators and software available, it is important to understand the process behind the calculation.
  • #1
bonap1
2
0
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?
 
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  • #2
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.
 
  • #3
Tyvm Ivy
 

FAQ: Can someone tell me how to calculate this?

1. How do I calculate this?

Calculating involves using mathematical equations and formulas to find a numerical answer. You will need to know the correct formula to use and have the necessary data or information to plug into the formula.

2. What if I don't know the formula?

If you don't know the formula, you can research online or consult with a colleague or mentor who may have the knowledge and expertise to help you find the correct formula. It is important to have a clear understanding of the problem before attempting to calculate it.

3. Can someone show me step-by-step how to calculate this?

Yes, someone can demonstrate the steps needed to calculate a specific problem. It can be helpful to have someone guide you through the process to ensure accuracy and understanding.

4. How do I know which numbers to use in the calculation?

The numbers you use will depend on the specific problem or equation you are trying to solve. Make sure to carefully read and analyze the problem to determine which numbers are relevant and necessary for your calculation.

5. Is there a calculator or software I can use to calculate this?

There are many calculators and software programs available that can assist with various calculations. However, it is important to understand the process and reasoning behind the calculation rather than relying solely on technology.

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