Statistical Probability Problem Excel

ndsergsanchez

New Member
Joined
Jul 16, 2023
Messages
1
Office Version
  1. 2016
  2. 2013
Platform
  1. Windows
Hi Everyone This should be rather simple, any help is appreciated thank you :)

In column A i have a dates in order in order,
in column B i have either if the day was a "win" or a "lose"
In Column C i have a formula for current win streak
1689487428959-png.95336


im looking for a formula to determine given the statistical probability of streaks if the following day will be a win or a lose
what are some ways i can use the data i have to statistically show, whether given the current streak or any other factors, give a statistical probably whether the following day would be a win or a lose?
 

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Excel Facts

Get help while writing formula
Click the italics "fx" icon to the left of the formula bar to open the Functions Arguments dialog. Help is displayed for each argument.
One way you took look at this assuming the probability of a win each day is the same (doesn't randomly change each day).
Add up the number of wins and divide by the total number of days.

In the example below we flip a fair coin for 33 days. A head is a win.
After 33 days we got 19 heads so 19/33 is about 58%. As the number of days increase we should get closer to the 50% we would expect.

Book1
ABCDE
1DateHead = WinWin Streak
22/1/2023Head1Head19
32/2/2023Head2Tail14
42/3/2023Head3Total33
52/4/2023Head4
62/5/2023Tail057.58%
72/6/2023Tail0
82/7/2023Head1
92/8/2023Head2
102/9/2023Head3
112/10/2023Tail0
122/11/2023Tail0
132/12/2023Head1
142/13/2023Tail0
152/14/2023Tail0
162/15/2023Head1
172/16/2023Tail0
182/17/2023Tail0
192/18/2023Head1
202/19/2023Head2
212/20/2023Head3
222/21/2023Head4
232/22/2023Head5
242/23/2023Head6
252/24/2023Tail0
262/25/2023Tail0
272/26/2023Tail0
282/27/2023Tail0
292/28/2023Head1
303/1/2023Tail0
313/2/2023Head1
323/3/2023Head2
333/4/2023Tail0
343/5/2023Head1
Sheet1
Cell Formulas
RangeFormula
E2:E3E2=COUNTIF($B$2:$B$34,D2)
E4E4=SUM(E2:E3)
E6E6=E2/E4
 
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