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Small samples have high variance, while sample mean approaches the mean of the true population as you increase the sample size. This is a fun website, but the
by tbihl 10y ago
Small samples have high variance, while sample mean approaches the mean of the true population as you increase the sample size.
This is a fun website, but the Olympics would need a lot more events for it to mean something. If each athlete were only allowed to compete in a single event, then it might be insightful for countries at least as successful at capturing medals as, say, Great Britain.
I'll be Phelps' hometown has a crazy medal count per capita.