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So you end up with a higher threshold for confidence at p<0.05 ot whatever you want p to be under. Comes out in the maths! Toss a coin 10 times comes up heads

So you end up with a higher threshold for confidence at p<0.05 ot whatever you want p to be under. Comes out in the maths! Toss a coin 10 times comes up heads 10 times. There is a 1 in 2^10 (approx 1000) that happens by chance for an unbiased coin. I'm convinced it is biased. 20 times I am freaking convinced. I don't need another 1000 tosses.

azan_ 1y ago
It’s more like you are supposed to toss 1000 times and after 500 tosses you get a lucky streak of 5 heads in a row and then decide to end experiment and conclude that coin is biased.
- coolcase 1y ago
  Oh yeah. Don't do that! Look at all 500 tosses.