3 ms·
That is a 0.03% sample size of the total 130+ million accounts. I was just explaining the law of small numbers to my daughter for her science fair. I think th
by tmaly 4y ago
That is a 0.03% sample size of the total 130+ million accounts.
I was just explaining the law of small numbers to my daughter for her science fair. I think this would qualify.
- bigbillheck 4y agoMaybe someday she'll explain to you that errors in sample estimates depend only on sample size and not population size.
- tmaly 4y agoI think the bigger error is still in drawing conclusions from a small sample size.
- bigbillheck 4y agoYou're going to have decently sized error bars from a n=100 sample but it doesn't matter if it was 10% of a population of 1000 or 0.001% of a population of 10000000, the quality of the estimate is just as good.