Probability Training Worksheet 2023-04-05.xlsx

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1	Probability Training - Probabilities aren't what you think!
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3	This spreadsheet takes 25 coin flips and creates this simulation 50 times
4	To run this simulation, from the formula tab, click "calculate now" to generate a new set of numbers
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10	Number of sets >>>		1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34	35	36	37	38	39	40	41	42	43	44	45	46	47	48	49	50
11	Number of flips per set
12	1		0	0	0	1	0	1	0	0	0	0	0	1	0	0	1	0	0	0	0	1	0	1	0	1	0	0	0	1	0	0	0	0	0	1	1	0	0	0	1	1	0	0	1	1	0	1	0	0	0	1
13	2		0	1	0	1	0	0	1	0	1	0	1	1	0	0	0	1	1	1	1	1	1	0	0	1	0	1	1	1	0	0	0	1	0	1	0	1	0	0	0	0	1	0	0	1	0	0	1	0	1	1
14	3		1	1	0	1	0	0	1	1	1	1	1	0	0	0	1	0	1	0	0	1	0	1	0	1	0	1	1	1	0	1	1	0	1	0	0	1	1	0	0	1	1	1	1	1	1	1	0	0	1	1
15	4		0	0	1	1	1	0	0	0	1	0	0	1	0	0	0	1	0	0	1	0	1	0	0	1	0	0	1	1	0	1	0	0	1	1	1	1	1	0	1	1	1	1	0	1	1	0	1	1	0	0
16	5		1	1	0	1	1	1	1	0	1	0	1	1	0	1	0	1	1	1	0	0	1	0	0	1	1	1	0	1	1	0	0	0	0	0	0	1	0	1	1	0	0	0	0	0	0	1	0	0	1	1
17	6		0	0	1	0	1	1	1	0	1	1	1	1	1	1	1	0	1	0	1	0	1	0	1	1	0	0	0	0	0	0	1	1	1	0	0	1	1	1	0	0	0	1	0	0	1	0	0	1	0	1
18	7		0	1	0	0	1	1	1	1	0	0	0	0	0	1	1	0	0	1	0	0	0	0	0	0	0	1	1	0	1	0	0	0	1	1	0	1	1	1	0	1	1	1	1	1	0	0	0	0	1	1
19	8		1	1	1	1	1	0	0	1	1	1	0	0	1	0	0	0	0	0	1	1	1	1	1	0	1	1	0	0	1	1	0	1	0	0	0	0	0	0	1	1	1	0	0	0	0	0	0	1	0	0
20	9		0	1	0	0	0	0	1	1	1	1	1	1	1	1	0	0	1	1	0	1	1	1	1	0	0	0	0	1	1	0	0	0	0	1	0	0	0	1	0	1	0	1	0	1	1	0	1	0	0	0
21	10		1	0	0	1	1	1	1	0	1	0	1	0	0	1	1	1	1	1	0	1	0	1	0	1	1	1	0	1	1	0	0	1	1	0	0	0	0	1	0	0	1	0	1	0	0	0	1	1	0	1
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23	Avg flip	4.86	4	6	3	7	6	5	7	4	8	4	6	6	3	5	5	4	6	5	4	6	6	5	3	7	3	6	4	7	5	3	2	4	5	5	2	6	4	5	4	6	6	5	4	6	4	3	4	4	4	7
24	Winning Sets	42	1	1	0	1	1	1	1	1	1	1	1	1	0	1	1	1	1	1	1	1	1	1	0	1	0	1	1	1	1	0	0	1	1	1	0	1	1	1	1	1	1	1	1	1	1	0	1	1	1	1
25	Losting Sets	8	0	0	1	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0	1	0	1	0	0	0	0	1	1	0	0	0	1	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0
26	Highest # of 1s out of 50 sets	8
27	Lowest # of 1s out of 50 sets	2
28	Odds of binary outcome	0.50
29	Number of flips per set	10.00
30	Number of sets	50.00
31	Winning Payout	$ 200
32	Losing Payout	$ 100
33	Expected Avg. Payout per flip	$ 50.00
34	Expected Avg. Payout per game	$ 500.00
35	Best Outcome Profits	$ 1,400.00
36	Worst Outcome Profits	$ (400.00)
37	Average Outcome	$ 458.00
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39	Sample Run of 50 Simulations:
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41	Avg. Wins	41.20	41	41	42	41	43	38	46	38	39	37	44	42	40	40	46	45	32	45	36	38	44	42	42	43	37	43	36	39	44	42	42	42	42	40	41	43	45	41	38	39	44	45	38	40	42	44	41	40	46	41
42	Most wins	46
43	Fewest wins	32
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46	Mind Muscles Academy
47	http://MindMusclesForTraders.com
48	rich@mindmuscles.com
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