Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Basic Statistics : Monte Carlo results confidence labels #39

Open
mfosker opened this issue Nov 26, 2018 · 1 comment
Open

Basic Statistics : Monte Carlo results confidence labels #39

mfosker opened this issue Nov 26, 2018 · 1 comment

Comments

@mfosker
Copy link

mfosker commented Nov 26, 2018

Are the confidence percentages for the results of the Monte Carlo simulation on the basic statistics spreadsheet round the wrong way?

I took this spreadsheet to be used as follows, given my data for number of things done per week, which I input into the "Your Data goes HERE" sheet, here are some confidence levels for how many things you will get done in the next X weeks. Where X weeks is the number I put in the "Sum n" Box on the Monte Carlo sheet.

If I understood and used the spreadsheet correctly then I would expect the number of stories I can expect to be done in a given number of weeks to decrease as I want I higher confidence, but I see more stories in the 95% confidence cell and less in the 5% confidence cell.

@FocusedObjective
Copy link
Owner

I'll take a look. Probably :) I always forget to 1-p for some of the probabilities. Thanks for pointing it out.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

No branches or pull requests

2 participants