Re: How confident can Little Johnny be in Confidence Intervals??
The statistics aren't wrong, they're just dealing with incomplete information.
Johnny knows that he's been on a good run, he's watched the cards and they've been falling better for him than they should.
So statistically, he's doin great 95% of the time, but Little Johnny knows that there's a good chance he's one of those 5% that aren't within that range.
|