Evaluating Models with Data and Simulation · Statistics and Probability · Flashcards

QUESTION

What does it mean for observed data to be consistent with a probability model?

QUESTION

Which option is correct: Under

P(T)=0.5

, is

5

tails in a row unusual at the

0.05

level?

QUESTION

What is the main reason to run many simulation repetitions (for example,

10{,}000

) instead of few?

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