On Sun, Feb 22, 2009 at 7:54 PM, LuKreme <[email protected]> wrote:
> On 22-Feb-2009, at 01:35, Mark Smith wrote:
>> On Sun, Feb 22, 2009 at 5:47 AM, LuKreme <[email protected]> wrote:
>>> So, I am 95% certain that the true probability is in the range of
>>> 16.72% to 35.77% or so.  So, my 'sense' that 19/78 is pretty close to
>>> 25% is pretty much shit.
>>
>> The spread isn't that bad. If your suspicion is correct (and it might
>> well be) that the actual "rate" is 1 in 4. This test tells you that
>> both "1 in 5" and "1 in 3" must be close to being outliers (given a
>> normal distribution about your value of 19/78).
>
> Bit I have no reason to think the rate is exactly 1/4, 23.817234% is
> perfectly possible since the mechanism is completely hidden inside the
> bowels of a computer game. Still, at least I know how 'sure' the
> number is, which is what I wanted in the first place

I realize that. The point is that using the regression method, you can
pick arbitrary limits (mine were 1/3 and 1/5 - chosen for convenience,
but you could pick 0.22 and 0.26, or any other pair) and evaluate the
importance of the delta between each limit and your best fit.
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