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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.Haven't read that one, but good books on statistical fallacies include Jordan Ellenberg's How Not To Be Wrong and Sam Savage's The Flaw of Averages. The Ellenberg book is particularly crisply written and interesting.Some here might like to read Nassim Nicolas Taleb's "Fooled By Randomness" concerning mis-understanding leading to the mis-use of stats by ordinary folks AND professionals.
Oh man, they were going on and on about that over on the Jets' message board last week....invalid statistical inference techniques permeate contemporary demotic (and even scientific in some fields) discourse.
Some here might like to read Nassim Nicolas Taleb's "Fooled By Randomness" concerning mis-understanding leading to the mis-use of stats by ordinary folks AND professionals.
As long as we're on the topic, here's an interesting probability question that has an answer which some may find counter-intuitive. The theory behind it is measure theoretic in nature, but for those with no background in measure theory, you can probably arrive at the answer using a heuristic approach.
Suppose you are playing darts. Someone selects, at random, a specific point on the dartboard and says they will give you $1000 if you hit that specific point with a dart. What is the probability that you win the $1000?
I'm curious about the answer. Is there somewhere online that breaks it down for an amateur like myself?
i would say 0%.
the probability of hitting a certain area on a dartboard should be (area of target) / (area of dartboard), assuming you discount all throws which miss the target completely. since a point has no dimensions, it has no area, so the probability of hitting the point would be 0 / (area of dartboard) = 0.
The probability of hitting the specific point, or any specific point for that matter, is 0. You can think of the probability as an area. In this case, the area of any specific point is 0 (it has no height or width.)
Another similar example is selecting a real number from the set of all real numbers. Since there are infinitely many real numbers, you have a probability of 0 of selecting any specific real number.
In measure theory, this is described as an event that "almost never" happens. In the dart example, while you will definitely hit a point on the board, you'll "almost never" hit a point which has been specified before hand.
I guess I could be mixing up my statistics. Been too long since grad school I guess. I will just admit I am wrong and be done with it and not continue hijacking the thread.
Some here might like to read Nassim Nicolas Taleb's "Fooled By Randomness" concerning mis-understanding leading to the mis-use of stats by ordinary folks AND professionals.
Yes, on a roulette table, the odds of the NEXT spin are independent of the prior (so 46ish% odds with the zero).
If you asked the question "what are the odds of 7 straight reds?", the answer is ~0.0044. So if you thought like the author of the article, you might think "those odds are 'impossible', is something going on?!", neglecting the fact that you expect to see a run like this once every 227 spins, which, if they spin the wheel once a minute, would happen more than 6 times a day on average.
The analysis in the article (0.0073 probability of winning at least 19 of 25 tosses) is correct. The issue is that no analysis on the expected distribution (or confidence interval) was given, which is what tells us what to expect given a certain sample size. As I showed above, 25 coin tosses is WAY too small a sample size to attribute 19 out of 25 to anything but chance. It's within the normal distribution. You expect a very wide range of results with small sample sizes. And of course if you look at the Patriots last 50 or 60 games, the win % comes down closer to 50% and draws further into the middle of the bell curve (normal distribution).
But since it's the Patriots, it can't just be blind luck, it has to be cheating...
If you consider the tip of the dart a point, then your odds are 0. You can't hit a point with another point.The probability of hitting the specific point, or any specific point for that matter, is 0. You can think of the probability as an area. In this case, the area of any specific point is 0 (it has no height or width.)