Help reproducing the table from SSB p.124 in Excel?

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  • climber
    SBR Rookie
    • 01-25-09
    • 3

    #1
    Help reproducing the table from SSB p.124 in Excel?
    I'm reading Sharp Sports Betting and trying to follow along in Excel to make sure I am getting all the concepts as I go.

    p.124 features Table 4 titled: "Rarity of Good W-L Records"

    4 columns are: (sample size, 1:100, 1:1000, 1:10000)
    the values in the 3 probability columns are the W-L records needed to reach that column's specified level of significance with the given sample size.

    I was looking at the BINOMDIST function to generate these values but was unsure how to use it as I am essentially attempting to solve for the function's first input.

    I can obviously use Solver to get the needed number of wins one cell at a time but was hoping someone here could show me the right way to do this in a standard formula.

    Thanks
  • climber
    SBR Rookie
    • 01-25-09
    • 3

    #2
    paging Ganchrow...

    paging Ganchrow...
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    • Sinister Cat
      SBR MVP
      • 06-03-08
      • 1090

      #3
      I think this does it (change the "90" to whatever sample size, change the last number for each of the other three columns):

      1+CRITBINOM(90,0.5,0.99)
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      • Ganchrow
        SBR Hall of Famer
        • 08-28-05
        • 5011

        #4
        Sinister Cat has basically got it right.

        See attached spreadsheet.
        Attached Files
        Last edited by Ganchrow; 01-26-09, 12:15 PM.
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        • climber
          SBR Rookie
          • 01-25-09
          • 3

          #5
          awesome. thx guys--figured there would be some function i'd never heard of that would handle it.
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