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The number of possible outcomes is not the same as the probabilities of those outcomes. If I have a weighted coin that shows heads 90% of the time, there are tw
by chaz 14y ago
The number of possible outcomes is not the same as the probabilities of those outcomes. If I have a weighted coin that shows heads 90% of the time, there are two possible outcomes, but I'm happy to bet you $1 heads each time we flip the coin.
One successful or unsuccessful outcome is not evidence that the model works or doesn't work, but this is how probabilities work.