06. What does it mean?

Start: Is this Coin a Fair Coin?

• establish a value that we can see as 'fair'

• difference between heads and 'fair'

  • one sided vs. two tailed test

• a binomial distribution is different than a normal curve, but the ideas will work the same for us when it comes to being confident.

Next: Sampling a population

• blind look

• choose ten 'representative of the population'

• choose ten at 'real' random

• choose twenty at real random

Finally, a word about choices, in terms of March Madness.

HW: Naked Statistics: Chapters 6, 7, 8.