How to solve example 5.3 step per step?

02-28-2015, 07:17 AM

qwertyqwertz qwertyqwertz is offline

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Join Date: Feb 2015

Posts: 4

How to solve example 5.3 step per step?

Hi folks,

I wonder how to solve the example 5.3 on page 174? I tried to come up with the right solution, but the outcome doesn't make sense.

These are the given numbers:
Hitrate: 52.1%
Number of test days: 500

The correct result is a cumulative profit of 22%.

How do I get 22%?

Thanks a lot and have a nice day!

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