2min chapter

Data Skeptic cover image

[MINI] Confidence Intervals

Data Skeptic

CHAPTER

How to Calculate a Confidence Interval

A confidence interval is a way of saying that although you observed the propensity for heads to be in your case 100%, you believe the true value of the coin is somewhere between maybe 90% and 100%. And there are good methods for doing that. If they are very low, then you would probably say this coin is not a 50-50 coin. Then you could calculate the odds without what happened.

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