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Inigo, I think he provided the formula incorrectly.

pi ~ (2L x n) / (t x h)

L = length of paperclip
n = paperclips dropped
t = distance between the lines
h = paperclips on line

In the set-up, you were asked to make lines twice the length of the paperclip, so t = 2L. This reduces the formula to

pi ~ n / h


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