On 08/04/07, Jacques Basaldúa <[EMAIL PROTECTED]> wrote:
I will try to explain it better:
What had puzzled me until recently is how to combine two facts:
a. As Jason says, "A single MC playout corresponds to a Bernoulli
trial with probability p" and therefore, p-hat is distributed as a binomial
which converges to the normal.
See also:
http://en.wikipedia.org/wiki/Bernoulli_process
Regards
Martin
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