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Anybody who studied a bit of probability theory knows that all this depends on the underlying probability distributions. If one draws five samples from a Gaussi
by jhrmnn 7y ago
Anybody who studied a bit of probability theory knows that all this depends on the underlying probability distributions. If one draws five samples from a Gaussian distributions with an unknown mean and a standard deviation of 10, and none of the samples is below 50, then indeed it is very unlikely that the mean is 20.