+ Reply to Thread
Results 1 to 3 of 3

how to work out probabilities ?

  1. #1
    Registered User
    Join Date
    01-06-2018
    Location
    gloucester
    MS-Off Ver
    2010
    Posts
    7

    how to work out probabilities ?

    I have a series of events (A:A) that contains events happening singly ( event "1" as single x 199 (F5) and event "-1" as single x 225(J5)) and events happening in rows ( event "1" happening twice in row x 91 (F6) and event "-1" happening twice in row x 84 (J6)) and so on as shown in F5:F14 and J5:J14.

    How to calculate probabilities of happening for those events? In other words, what are the chances that after event "1" I will have another event "1"....

    I would be very grateful for any help.
    Attached Files Attached Files

  2. #2
    Administrator 6StringJazzer's Avatar
    Join Date
    01-27-2010
    Location
    Tysons Corner, VA, USA
    MS-Off Ver
    MS365 Family 64-bit
    Posts
    24,721

    Re: how to work out probabilities ?

    It depends on whether each event is independent. An example of an independent event is like a coin flip; it's always 50/50 heads/tails regardless of the previous flip. Is there a theoretical probability of event 1 vs. event -1?

    If we assume that the theoretical probabilities are 50%/50% then the chances of two 1 events in a row are 25%. The probability of two -1 events in a row is also 25%. (1 then -1 is 25%; -1 then 1 is 25%.)

    In your data the empirical chances of a 1 is 53.4% and -1 is 46.6%. If we use these probabilities then the chances of two 1 events in a row is 53.4% x 53.4% = 28.5%. The chances of two -1 events in a row is 46.6% x 46.6% = 21.7%.

    If the events are not independent then there is not enough information to answer your question theoretically, although we can make an educated guess from your data. The number of times that 1 occurs twice in a row is 440. 440/1571 = 28.0%. The number of times that -1 occurs twice in a row is 333/1571 = 21.2%.
    Jeff
    | | |會 |會 |會 |會 | |:| | |會 |會
    Read the rules
    Use code tags to [code]enclose your code![/code]

  3. #3
    Registered User
    Join Date
    01-06-2018
    Location
    gloucester
    MS-Off Ver
    2010
    Posts
    7

    Re: how to work out probabilities ?

    Thank you for your help Jeff, I will have something to think about for next few days. Hopefully I will be able to move on and finish this myself now.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Calcuating probabilities
    By jnel1610 in forum Excel General
    Replies: 7
    Last Post: 10-27-2015, 03:01 PM
  2. Calculating probabilities
    By achterje in forum Excel Formulas & Functions
    Replies: 11
    Last Post: 04-20-2015, 10:24 AM
  3. Probabilities and Excel
    By dita87 in forum Excel Formulas & Functions
    Replies: 0
    Last Post: 02-10-2015, 09:57 AM
  4. Permutations With Probabilities
    By stevenightingale in forum Excel Programming / VBA / Macros
    Replies: 2
    Last Post: 12-06-2012, 02:28 AM
  5. [SOLVED] Probabilities
    By DaxtonAllen in forum Excel General
    Replies: 8
    Last Post: 03-30-2012, 03:10 PM
  6. Probabilities
    By phil2006 in forum Excel Programming / VBA / Macros
    Replies: 2
    Last Post: 07-22-2006, 12:10 PM
  7. Macro and probabilities
    By MrKermit in forum Excel Programming / VBA / Macros
    Replies: 2
    Last Post: 03-31-2006, 05:01 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1