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 Originally Posted by Renton
Can you address what the results of my long form calculation at the end of the post would be? Would it be the same as the 95% confidence interval or something different entirely. If the latter, then confidence interval is definitely not the value that interests me.
I think the result from this would be exactly 0, because it's a long-form EV calc.
Excell could answer this one in a couple of minutes.
EDIT: It would not be exactly 0 because it is not weighted by the binomial distribution. If the combinatorial weights of each outcome are taken into account (which is your intent, I believe), then it is a long-form EV calc.
Without applying the binomial distribution, it is NOT related to the variance or any other meaningful statistic, AFAIK.
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