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BGonline.org Forums
Minimum # of Trials and Confidence
Posted By: Tom Keith In Response To: Minimum # of Trials and Confidence (Daniel Murphy)
Date: Sunday, 17 October 2010, at 8:19 p.m.
This is excellent advice, worth repeating ...
A sufficient number of trials depends on how close the decision is, the variance in the result, and one's interest in and time available for finding a particularly precise answer. There is no magic minimum number of trials (including 324) that is necessary or sufficient. Many fewer might be enough. Many more might not be enough. And results which are less than "100% certain" are still useful and reliable.
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