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BackyardBullion

3000 Subscriber "Guess the Pennies" Competition - A Silver Forum Exclusive

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I’ve done this before

Start off with a bottle of blue label - take drink

Then one large jar/penny = converting £ into $.

At this point I take a pint and drink it, 

I calculate the pint glass against the empty blue label bottle = 15

the large jar /penny = 600

divide that by some number so

5650 pennies

 

 

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I’ve done this before
Start off with a bottle of blue label - take drink
Then one large jar/penny = converting £ into $.
At this point I take a pint and drink it, 
I calculate the pint glass against the empty blue label bottle = 15
the large jar /penny = 600
divide that by some number so
5650 pennies
 
 
Funny as my guess is ball parking it at 5784...

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5279

I also think it could be in the 4000's though, however I'll stick with 5279!

Great idea for your 3000 subs, glad I caught it in time. Congrats. 

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Just now, Stu said:

Thanks for the congrats all and thanks to @BackyardBullion, great bit of fun. I saw the post a few minutes after it posted and think I was the first to enter. 

It was a cracking guess my friend!

But I think we are all wanting to know what @PansPurse second theoretical guess was!?!?!?!

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26 minutes ago, BackyardBullion said:

It was a cracking guess my friend!

But I think we are all wanting to know what @PansPurse second theoretical guess was!?!?!?!

I was going for an old trick of taking the average of everybody else's guesses. Going on the principle that en-masse we'll be surprisingly accurate. So the average of all entries is... 3,658. Which, although not close enough to win the prize, is less than 0.06 standard deviations away

Actually we've done way way better than the penny guessing contest in this article:

https://www.wired.com/2015/01/coin-jar-crowd-wisdom-experiment-results/

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5 minutes ago, PansPurse said:

I was going for an old trick of taking the average of everybody else's guesses. Going on the principle that en-masse we'll be surprisingly accurate. So the average of all entries is... 3,658. Which, although not close enough to win the prize, is less than 0.06 standard deviations away

Actually we've done way way better than the penny guessing contest in this article:

https://www.wired.com/2015/01/coin-jar-crowd-wisdom-experiment-results/

Not too bad then! I'm surprised it is that close.

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