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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 1181 Views
So, is that from a "corrected", "non-skewed" poll? - 04/10/2012 05:51:58 AM 713 Views
Nope, I checked Betfair, the odds on Romney continue to drift - 04/10/2012 10:02:16 AM 786 Views
Wow, you suck at Googling! - 04/10/2012 01:14:22 PM 899 Views
No, you just apparently suck at math - 04/10/2012 07:17:20 PM 654 Views
I know you are sad, but your Messiah may still win.....you never know! - 04/10/2012 07:23:16 PM 723 Views
I'm more of a syndicalist, sorry - 04/10/2012 08:43:48 PM 748 Views
Ooh, would you mind talking more about syndicalism? - 04/10/2012 11:28:40 PM 658 Views
It really should be mandatory for everyone to read factcheck.org after every debate. *NM* - 04/10/2012 09:38:24 AM 402 Views
Seriously. The number of times I squinted and thought, "Wait, that doesn't sound quite right" - 04/10/2012 02:01:12 PM 784 Views
Romney addressed that head-on - 04/10/2012 02:13:44 PM 687 Views
Yeah, that "20 million" comment raised my eyebrows. - 04/10/2012 04:15:49 PM 1053 Views
Why are you not counting the elderly? - 04/10/2012 07:33:28 PM 961 Views
Obama - Lost and Bewildered without Teleprompter.....funny stuff! - 04/10/2012 01:10:40 PM 721 Views
A2000, your message should read: - 04/10/2012 03:42:18 PM 745 Views
I consider the margin of error implied. - 04/10/2012 05:49:50 PM 631 Views
Unfortunately statistics does not support that. - 04/10/2012 06:11:56 PM 753 Views
Of course they do; the law of averages supports that. - 04/10/2012 06:46:27 PM 785 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 663 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 654 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 723 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 849 Views
I'm pretty sure that 136 is not a large number. *NM* - 05/10/2012 12:20:35 PM 421 Views
That is a matter of opinion, but for a binary event I think it huge. - 05/10/2012 12:42:24 PM 764 Views
Without additional data, the default would be that the coin is fair. Since... - 05/10/2012 05:20:21 PM 692 Views
After 136 trials the DEFAULT assumption no longer applies in the face of ample hard data. - 06/10/2012 04:02:51 PM 827 Views
I did the same experiment I suggested for you. - 06/10/2012 04:45:28 PM 659 Views
Still not a 3:1 ratio. - 06/10/2012 06:09:00 PM 900 Views
that is why you can't base things on just one poll - 05/10/2012 01:27:18 AM 845 Views
You are making the same mistake Joel is making. You should read our discussion. *NM* - 05/10/2012 01:50:01 AM 474 Views
there is a difference between statistical errors and model or method errors - 05/10/2012 03:28:38 AM 730 Views
There is a difference between the law of averages and the law of large numbers. - 05/10/2012 04:45:00 AM 941 Views
can wait for Ryan vs Bozo the VP - 04/10/2012 06:07:30 PM 610 Views
+1 - that debate is going to be comical! - 04/10/2012 07:24:26 PM 714 Views
I would end up with alchohol posioning *NM* - 04/10/2012 10:16:51 PM 436 Views
If Biden performs as expected... - 04/10/2012 07:46:16 PM 752 Views
your take on obama's foreign policy debate performance does not seem like reality - 04/10/2012 08:00:51 PM 683 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 766 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 692 Views
Hilarious. - 04/10/2012 11:20:32 PM 661 Views
Re: Hilarious. - 05/10/2012 12:27:33 AM 652 Views
Why can it not be both? - 05/10/2012 12:58:59 PM 794 Views
who would you consider our number one geopolitical foe? - 04/10/2012 10:12:53 PM 783 Views
China is far more dangerous. *NM* - 05/10/2012 07:23:06 AM 337 Views
Whoa, was not expecting that point of agreement. - 05/10/2012 12:35:35 PM 795 Views
I'm not frightened of them, but they're hardly an ally. *NM* - 05/10/2012 03:55:45 PM 431 Views
I am not frightened, but am concerned. - 06/10/2012 01:27:40 PM 781 Views
they may be more dangerous but that doesn't that doesn't automatically make them first - 05/10/2012 01:09:30 PM 772 Views
That's fair enough. *NM* - 05/10/2012 03:54:56 PM 377 Views
WOW - Even the liberal CNN Poll confirms Romney's crushing victory. - 04/10/2012 07:27:28 PM 800 Views
I could have crushed either of them in that debate - 04/10/2012 09:26:07 PM 782 Views
I watched it now. A few thoughts (albeit rather late): - 05/10/2012 09:46:02 PM 840 Views
You are correct on all points. - 07/10/2012 03:12:51 AM 945 Views
"There is no Soviet domination of Eastern Europe." - 07/10/2012 02:03:49 PM 1242 Views
you are missing a key point - 07/10/2012 04:34:17 PM 737 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 440 Views
maybe, seemed that way to me - 08/10/2012 03:18:18 PM 719 Views

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