Ever since we moved to Seattle we have been watching TV game show – Deal or No Deal (for lack of better things to do in the hotel) The game provides an interesting look at human nature and risk taking abilities. People who wouldn’t risk their retirement savings or jobs would go to these game shows and take risks to win all or nothing. It is fascinating to see how one makes judgment to accept an offer and take money or continue to play hoping to win even more.
Out of curiosity and my passion for simulating games, I have made a small excel file using which you can play the deal or no deal game. It is a reasonably good simulation of the game on the TV.
Download and play Deal or No Deal Game in Excel
(the file has no VBA or anything, so go ahead and be curious)
How to Play the Excel Deal or No Deal Game?
When you open the downloaded excel you will something like this.The green cells are editable and everything else is locked. Start the game by setting “accept offer?” to “No” and “Play game?” to “Yes”.
If you would like to randomize the suitcase – value assignments, just set “Play game?” to “No” and excel shuffles the values for you. (How to shuffle a list of values in excel using formulas?)
- Start selecting your suitcases one by one. After each pick, the latest offer is shown in the orange color box at the bottom. You can also see that picked suitcases and values already picked getting de-highlighted. See the below illustration:
- Finally, when you like an offer, just say “accept offer” to see how much your suitcase had. Of course excel cannot pay you the money for the accepted offer. So just have a big smile and enjoy. 🙂
- When you want to play again, just select the your suitcase picks (the green tabular area) and hit delete. Go back to first step.
Download the Excel Deal or No Deal Game
How the Excel simulation of Deal or No Deal game works?
- Please note that I have protected the workbook so that you wont accidentally delete any formulas. Just unprotect the sheet (Menu > Tools > Protection > Unprotect Sheet) so that you can understand how the simulation works.
- When you enter “Play Game” value as “No” the values assigned to suitcases are shuffled. How? The shuffling goes on whenever you press F9 or make some changes to the sheet until you change the “play game” to “yes”. The random shuffling formulas use circular reference, something like this:
g10 = if(playgame="no", shuffled-suitcase-value,g10) - Whenever you pick a suitcase, the formulas check 2 things: (1) whether you have already picked that suitcase (2) whether your pick is same as the case assigned to you. If both conditions fail, then the formula would display the value assigned to that suitcase.
- How the latest offer calculation works: As a game player our objective is to take an offer when the value is as close as possible to the expected value (total amounts remaining / total no. of suitcases remaining) at any point. In the TV show the latest offer is derived from expected value of your suitcase . I have used deal or no deal formula from here. This formula takes a random percentage between 20% and 95% of the expected value based on number of suitcases already picked.
- Finally I have used conditional formatting to make the presentation better.
More posts on games & excel that you may enjoy:
Simulating Dice throws in Excel
Generate and Print Bingo / Housie tickets using this excel
Understanding Monopoly Board Game
12 Responses to “29 Excel Formula Tips for all Occasions [and proof that PHD readers truly rock]”
Some great contributions here.
Gotta love the Friday 13th formula 😀
Great tips from you all! Thanks a lot for sharing! bsamson, particularly you helped me on a terribly annoying task. 🙂
(BTW, Chandoo, it's not exactly "Find if a range is normally distributed" what my suggestion does. It checks if two proportions are statistically different. I probably gave you a bad explanation on twitter, but it'd be probably better if you fix it here... 🙂 )
Great compilation Chandoo
For the "Clean your text before you lookup"
=VLOOKUP(CLEAN(TRIM(E20)),F5:G18,2,0)
I would like to share a method to convert a number-stored-as-text before you lookup:
=VLOOKUP(E20+0,F5:G18,2,0)
@Peder, yeah, I loved that formula
@Aires: Sorry, I misunderstood your formula. Corrected the heading now.
@John.. that is a cool tip.
Hey Chandoo,
That p-value formula is really great for a statistics person like me.
What a p-value essentially is, is the probability that the results obtained from a statistical test aren't valid. So for example, if my p value is .05, there's a 5% probability that my results are wrong.
You can play with this if you install the Data Analysis Toolpak (which will perform some statistical tests for you AND provide the P Value.)
Let's say for example I've got two weeks of data (separated into columns) with the number of hours worked per day. I want to find out if the total number of hours I worked in week two were really all the different than week one.
Week1 Week2
10 11
12 9
9 10
7 8
5 8
Go to Data > Data Analysis > T-Test Assuming Unequal Variances > OK
In the Variable 1 Box, select the range of data for week 1.
In the Variable 2 Box, select the range of data for week 2.
Check "Labels"
In the Alpha box, select a value (in percentage terms) for how tolerant you are of error.
.05 is the general standard; that is to say I am willing to accept a 95% level of confidence that my result is accuarate.
Select a range output.
Excel calculates a number of results: Average (mean) for each week's data, etc.
You'll notice however that there are two P Values; one-tail and two-tail. (one tail tests are for > or .05), the number of hours I worked in week two is statistically equivalent to the number of hours I worked in week one.
So here’s a way you might want to use this. You put up a new entry on your blog. You think it’s the best entry ever! So you pull your webstats for this week and compare it to last week. You gather data for each week on the length of time a visitor spends on your website. The question you’re trying to prove statistically is whether there’s an average increase in the amount of time spent on your website this week as compared to last week (as a result of your fancy new blog post). You can run the same statistical test I illustrated above to find out. Incidentally, it matters very little to the stat test whether the quantity of visitors differs or not.
Anyhow, the Data Analysis toolpack doesn't perform a lot of stat tests that folks like me would like to have access to. In those cases I have to either use different software, or write some very complicated mathematical formulas. Having this p-value formula makes my life a LOT easier!
Thanks!
Eric~
Fantastic stuf..One line explanation is cool.
Thanks to all the contributors
OS
Take FirstName, MI, LastName in access (you can fix it to work in excel) capitalize first letter of each and lowercase the rest and add ". " if MI exists then same for last name:
Full Name: Format(Left([FirstName],1),">") & Format(Right([FirstName]),Len([FirstName])-1),"") & ". ","") & Format(Left([LastName],1),">") & Format(Right([LastName],Len([LastName])-1),"<")
I teach excel, access, etc etc for a living and i have my access students build this formula one step at a time from the inside out to show how formulas can be made even if it looks complicated. Yes I know I could just do IsNull([MI]) and reverse the order in the Iif() function but the point here is to nest as many functions as possible one by one (also I illustrate how it will fail without the Not() as it is)
Extract the month from a date
The easiest formula for this is =MONTH(a1)
It will return a 1 for January, 2 for February etc.
if in a column we write the value of total person for eg. 10 if we spent 1.33 paise each person then how we get total amount in next column and the result will in round form plzzzzz solve my problem sir................... thank u
@Anjali
If the value 10 is in B2 and 1.33 paise is in C2 the formula in D2 could be =B2*C2
If the values are a column of values you can copy the formula down by copy/paste or drag the small black handle at the bottom right corner of cell D2
kindly share with me new forumulas.
How to convert a figure like 870.70 into 870 but 871.70 into 880 using excel formula ? Please help.