Re: rewrote program... same results.
Posted by Roger Hunter on October 23, 2013 at 10:11:46:

Brian;

Is this what you were doing?

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If each prediction has a different probability the method devised By Dr Jones will be used. This procedure assigns a score to each prediction. If the prediction is correct the score is -ln(p) and if it's incorrect the score is ln(1-p), where ln is the natural log and p is the probability of success. Each prediction has an expected value which is -p*ln(p) + (1-p)*ln(1-p) and a variance which is p*(1-p)*(ln((p)*(1-p)))^2.

These values are summed and the standard deviation is the square root of the variance. The final answer is (score-expected)/standard deviation. This quantity is normally distributed so the significance is determined by comparing it to a table of the normal distribution.
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Roger


Follow Ups:
     ● Re: rewrote program... same results. - Skywise  19:58:30 - 10/23/2013  (101125)  (1)
        ● Re: rewrote program... same results. - Roger Hunter  21:37:09 - 10/23/2013  (101128)  (1)
           ● Re: rewrote program... same results. - Skwyise  21:50:17 - 10/23/2013  (101129)  (1)
              ● Re: rewrote program... same results. - Roger Hunter  01:12:49 - 10/24/2013  (101134)  (1)
                 ● Re: rewrote program... same results. - Skywise  02:23:49 - 10/24/2013  (101136)  (1)
                    ● Re: rewrote program... same results. - Roger Hunter  08:24:38 - 10/24/2013  (101138)  (1)
                       ● Re: rewrote program... same results. - Skywise  16:22:41 - 10/24/2013  (101139)  (1)
                          ● SAME RESULTS!!! - Skywise  16:26:25 - 10/24/2013  (101140)  (1)
                             ● Re: SAME RESULTS!!! - Roger Hunter  17:38:55 - 10/24/2013  (101141)  (1)
                                ● Re: SAME RESULTS!!! - Skywise  18:19:43 - 10/24/2013  (101142)  (1)
                                   ● Re: SAME RESULTS!!! - Roger Hunter  18:43:47 - 10/24/2013  (101143)  (1)
                                      ● Re: SAME RESULTS!!! - Skywise  20:19:04 - 10/24/2013  (101144)  (1)
                                         ● Re: SAME RESULTS!!! - Roger Hunter  21:08:34 - 10/24/2013  (101145)  (1)
                                            ● Re: SAME RESULTS!!! - Skywise  21:22:46 - 10/24/2013  (101146)  (1)
                                               ● Re: SAME RESULTS!!! - Roger Hunter  21:56:47 - 10/24/2013  (101147)  (1)
                                                  ● Re: SAME RESULTS!!! - Skywise  22:39:24 - 10/24/2013  (101148)  (1)
                                                     ● Re: SAME RESULTS!!! - Roger Hunter  22:55:01 - 10/24/2013  (101149)  (1)
                                                        ● Re: SAME RESULTS!!! - Skywise  23:23:12 - 10/24/2013  (101150)  (1)
                                                           ● Re: SAME RESULTS!!! - Skywise  02:43:28 - 10/25/2013  (101152)  (0)