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Subject: Re: in search of a formula for calculating confidence intervals

Author: Renze Steenhuisen

Date: 01:01:57 01/17/06

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On January 17, 2006 at 03:52:21, Joseph Ciarrochi wrote:

>Does anybody have the formula for calculating standard error bars for win
>percentages? e.g., given a a sample of N, and an observed win rate of x %, I 'd
>like to construct a 95% confidence interval around x.
>
>It would also be cool if you had the formula for calculating confidence
>intervals for ratings?
>
>best
>Joseph

If you have M positive occurences of a certain event (i.e., a win), from N
samples. Then, the %-interval is given by:

(M + (L^2)/2 \pm L*SQRT(M*(1-(M/N))+(L^2)/4)) / (N + (L^2))

with \pm being minus for the lowerbound, and plus for the upperbound.

L depends on the %-confidence you like. 95% confidence needs L=1.96.

Cheers

Renze Steenhuisen



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