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What? A coin flip would still be 50% accurate. If 10% of startups succeed, and we say that heads is "succeed" and tails is "fail": 5% of startups will be predi
by Hasu 12y ago
What? A coin flip would still be 50% accurate. If 10% of startups succeed, and we say that heads is "succeed" and tails is "fail":
5% of startups will be predicted to succeed and will succeed (correct prediction)
5% of startups will be predicted to fail and will succeed (false prediction)
45% of startups will be predicted to succeed and will fail(false prediction)
45% of startups will be predicted to fail and will fail (true prediction)
50% true predictions, 50% false predictions. A coin flip is always 50% accurate.