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Without additional data, the default would be that the coin is fair. Since... heartbreak Send a noteboard - 05/10/2012 05:20:21 PM
...typically coins are effectively random. It is rare to find a non-effectively random coin.

I really don't want to get into explaining sample size and how to calculate it. I'm tired. Long day yesterday, didn't sleep well last night, had a test first thing this morning.

But if you want to see for yourself if your sample size is large enough. Find a quarter and conduct five to ten tests. Flipping the coin 100 times each test. Count the number of heads for each test and calculate the percentage of heads for each test. You should see how much the percentages vary. It isn't until you get around 1000 flips per test that you start to see percentages that are close together.
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Romney CRUSHES Obama in First Debate - Leads Swing States by 4% - 04/10/2012 05:32:32 AM 1134 Views
So, is that from a "corrected", "non-skewed" poll? - 04/10/2012 05:51:58 AM 643 Views
Nope, I checked Betfair, the odds on Romney continue to drift - 04/10/2012 10:02:16 AM 734 Views
Wow, you suck at Googling! - 04/10/2012 01:14:22 PM 843 Views
No, you just apparently suck at math - 04/10/2012 07:17:20 PM 606 Views
I know you are sad, but your Messiah may still win.....you never know! - 04/10/2012 07:23:16 PM 675 Views
I'm more of a syndicalist, sorry - 04/10/2012 08:43:48 PM 706 Views
Ooh, would you mind talking more about syndicalism? - 04/10/2012 11:28:40 PM 613 Views
It really should be mandatory for everyone to read factcheck.org after every debate. *NM* - 04/10/2012 09:38:24 AM 375 Views
Seriously. The number of times I squinted and thought, "Wait, that doesn't sound quite right" - 04/10/2012 02:01:12 PM 737 Views
Romney addressed that head-on - 04/10/2012 02:13:44 PM 640 Views
Yeah, that "20 million" comment raised my eyebrows. - 04/10/2012 04:15:49 PM 992 Views
Why are you not counting the elderly? - 04/10/2012 07:33:28 PM 882 Views
Obama - Lost and Bewildered without Teleprompter.....funny stuff! - 04/10/2012 01:10:40 PM 663 Views
A2000, your message should read: - 04/10/2012 03:42:18 PM 685 Views
I consider the margin of error implied. - 04/10/2012 05:49:50 PM 587 Views
Unfortunately statistics does not support that. - 04/10/2012 06:11:56 PM 701 Views
Of course they do; the law of averages supports that. - 04/10/2012 06:46:27 PM 732 Views
Poll numbers aren't random so even if the law of averages could be applied to a small data set... - 04/10/2012 07:05:49 PM 612 Views
If not random, they are indicative (if not necessary conclusive,) and the data set is large enough. - 04/10/2012 08:55:24 PM 600 Views
Let me rephrase: the law of averages is a belief. You are basing your conclusion on a belief. - 04/10/2012 09:23:50 PM 674 Views
I have never used the Law of Averages to mean anything except the (proven) Law of Large Numbers. - 05/10/2012 09:22:56 AM 787 Views
I'm pretty sure that 136 is not a large number. *NM* - 05/10/2012 12:20:35 PM 400 Views
That is a matter of opinion, but for a binary event I think it huge. - 05/10/2012 12:42:24 PM 711 Views
Without additional data, the default would be that the coin is fair. Since... - 05/10/2012 05:20:21 PM 643 Views
After 136 trials the DEFAULT assumption no longer applies in the face of ample hard data. - 06/10/2012 04:02:51 PM 769 Views
I did the same experiment I suggested for you. - 06/10/2012 04:45:28 PM 614 Views
Still not a 3:1 ratio. - 06/10/2012 06:09:00 PM 849 Views
that is why you can't base things on just one poll - 05/10/2012 01:27:18 AM 796 Views
You are making the same mistake Joel is making. You should read our discussion. *NM* - 05/10/2012 01:50:01 AM 455 Views
there is a difference between statistical errors and model or method errors - 05/10/2012 03:28:38 AM 672 Views
There is a difference between the law of averages and the law of large numbers. - 05/10/2012 04:45:00 AM 869 Views
can wait for Ryan vs Bozo the VP - 04/10/2012 06:07:30 PM 557 Views
+1 - that debate is going to be comical! - 04/10/2012 07:24:26 PM 672 Views
I would end up with alchohol posioning *NM* - 04/10/2012 10:16:51 PM 405 Views
If Biden performs as expected... - 04/10/2012 07:46:16 PM 703 Views
your take on obama's foreign policy debate performance does not seem like reality - 04/10/2012 08:00:51 PM 645 Views
I never would have thought Romney could lay such a beatdown on Obama as I saw last night. - 04/10/2012 08:55:46 PM 715 Views
we saw the anti-romney last night. i doubt obama is going to be so flat-footed against him next time - 04/10/2012 10:35:21 PM 644 Views
Hilarious. - 04/10/2012 11:20:32 PM 600 Views
Re: Hilarious. - 05/10/2012 12:27:33 AM 606 Views
Why can it not be both? - 05/10/2012 12:58:59 PM 746 Views
who would you consider our number one geopolitical foe? - 04/10/2012 10:12:53 PM 723 Views
China is far more dangerous. *NM* - 05/10/2012 07:23:06 AM 310 Views
Whoa, was not expecting that point of agreement. - 05/10/2012 12:35:35 PM 752 Views
I'm not frightened of them, but they're hardly an ally. *NM* - 05/10/2012 03:55:45 PM 412 Views
I am not frightened, but am concerned. - 06/10/2012 01:27:40 PM 726 Views
they may be more dangerous but that doesn't that doesn't automatically make them first - 05/10/2012 01:09:30 PM 724 Views
That's fair enough. *NM* - 05/10/2012 03:54:56 PM 360 Views
WOW - Even the liberal CNN Poll confirms Romney's crushing victory. - 04/10/2012 07:27:28 PM 753 Views
I could have crushed either of them in that debate - 04/10/2012 09:26:07 PM 736 Views
I watched it now. A few thoughts (albeit rather late): - 05/10/2012 09:46:02 PM 793 Views
You are correct on all points. - 07/10/2012 03:12:51 AM 894 Views
"There is no Soviet domination of Eastern Europe." - 07/10/2012 02:03:49 PM 1177 Views
you are missing a key point - 07/10/2012 04:34:17 PM 693 Views
Am I missing that point? I thought I said clearly enough that I thought Romney was better. *NM* - 07/10/2012 08:47:42 PM 422 Views
maybe, seemed that way to me - 08/10/2012 03:18:18 PM 673 Views

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