Subject:      Dealer break rate
From:         David Morse <DMorse@learn21.com>
Date:         1998/06/16
Message-ID:   <pgpmoose.199806160853.11822@shell9.ba.best.com>
Newsgroups:   rec.gambling.blackjack.moderated

Does clumping reduce the dealer break rate?

Assumptions are that dbr is normally distributed with mean = .282 and
variance = p* (1-p )/n = .282*.718/n = .2024/n

null hypothesis is dbr > .282
alternative hypothesis is dbr < .282

reject the null hypothesis with a 95% confidence if the test statistic
is less than .282 - 1.65 standard deviations.

test statistic is dbr for 100  shoes on a busy weekend night.

s = û(.282 * .718 / 100) = û.002024 = .0449

.282 - (1.645 * .0449) = .282 - .074 = .208

If the test dbr < .208 then one can be 95% confident that the dbr is
reduced.


Comments or criticism?


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