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Re: Statistics

Posted By: Matt Cohn-Geier
Date: Friday, 18 May 2007, at 3:23 p.m.

In Response To: Statistics (Daniel Murphy)

With 68.3% probability, the true equity is between With 95.4% probability, the true equity is between

Strictly speaking, this is false. The interval [0.0701, 0.1537] either contains the true equity of 24/18 13/8 or it doesn't. But there is about a 95% chance that, using the procedure, we will construct an interval such that it contains the true equity.

So glad I just got a degree in Philosophy.

philosophy.wisc.edu/sober/confidence%20interval%20ho%209%202006.pdf if you actually find this stuff interesting.

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