>>13676646So this is your answer:
>>13676646But here's another question:
Say you do a million coin tosses and they all come up heads. (And you're not dead from boredom and the march of time)
At which point do you conclude that you have a biased/loaded coin?
The best answer I saw in another thread was using the 5th deviation because um.... sort of very improbable to get a fifth deviation outcome.
mmmmmmmmmm..... ok. Weak but at least there's a definite measure.
So I suspect how the conclusion was reached: We've all seen up to 3rd deviation outcomes so lets skip a deviation and the 5th should be very improbable :)
Is there anything better?
Here's the real beef: How does one separate stochastic from systemic bias/mechanistic characteristics just by measuring outcomes?
Is it actually even possible?
C'mon you smart asses lets try to solve something difficult.
