probability
math – What is the probability of randomly getting a 12 word seed phrase with the same word repeated 12 times? – Beragampengetahuan
That’s not correct. Remember that the last word has a checksum for the other 11, which means that not every word of the 2048 will work. Actually, only 190 words do the trick, which means there are only 190 phrases possible in a universe of 2048^12 possible phrases, so the the probability is 190/2048^12 bitcoin […]
A question about Lindley’s supra Bayesian method for expert probability assessment – Beragampengetahuan
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Confusions about inference, prediction, and “probability of superiority” – Beragampengetahuan
People sometimes confuse certainty about summary statistics with certainty about draws from the distributions they summarize. Saying that we are quite confident that the average outcome for one group is higher than the average for the other can be taken as a claim about the full distributions of the outcomes. And intuitions people might have […]