3 ms·
So, for a 50% confidence interval, you could look at the first word -- if it is a typo, boom, done. Otherwise, flip a coin. This stinks. Estimating is about ap
by hawkice 8y ago
So, for a 50% confidence interval, you could look at the first word -- if it is a typo, boom, done. Otherwise, flip a coin.
This stinks. Estimating is about approximating an answer with low information -- it's about efficiency of using data, not _only_ doing better than guessing.
- neolefty 8y agoSorry, I meant once you've examined n trials, what is your 50% confidence interval about the odds for a single trial? I think it would be 1/n.