A probability question:
If each trial with a binomial result has a probability of success of 50%, the probability of succeeding 3 or more times in 5 trials is 50% ... 6 or more times in 10 trials is .377 ... 30 or more times in 50 trials is .101, etc. So my binomial calculator tells me.
How does one compute analogous probability for success on a scale?
E.g., suppose in a random trial one picks a number in the top 33% of a population (about a half standard deviation or more above average). The probability of that is 33%.
But how does one figure the probability of in, say, five independent trials picking numbers that on average have a value in the top 33%? (Not all being in the top 33%, that would be 0.33^5, but which average being in the top 33%.) Or of in 10, 15, trials picking numbers that have an average value in the top 33%?
I've looked around for the answer and as this seems a rather basic question have been surprised not to find it. Or maybe I'm just too innumerate to recognize it when I see it.
Thanks in advance to anyone who straightens me out on this.
Also thanks to anyone who can point me to a good web site that discusses this particular issue and related ones on a basic level.
If each trial with a binomial result has a probability of success of 50%, the probability of succeeding 3 or more times in 5 trials is 50% ... 6 or more times in 10 trials is .377 ... 30 or more times in 50 trials is .101, etc. So my binomial calculator tells me.
How does one compute analogous probability for success on a scale?
E.g., suppose in a random trial one picks a number in the top 33% of a population (about a half standard deviation or more above average). The probability of that is 33%.
But how does one figure the probability of in, say, five independent trials picking numbers that on average have a value in the top 33%? (Not all being in the top 33%, that would be 0.33^5, but which average being in the top 33%.) Or of in 10, 15, trials picking numbers that have an average value in the top 33%?
I've looked around for the answer and as this seems a rather basic question have been surprised not to find it. Or maybe I'm just too innumerate to recognize it when I see it.
Thanks in advance to anyone who straightens me out on this.
Also thanks to anyone who can point me to a good web site that discusses this particular issue and related ones on a basic level.