If I toss a coin four times and it comes up heads three and tails once, it doesn’t mean that there’s a 75% chance that this coin lands heads up. Be careful about conflating risk factor and mortality rate.
> If I toss a coin four times and it comes up heads three and tails once, it doesn’t mean that there’s a 75% chance that this coin lands heads up.
No, but it means that to ensure that I do better on my next set of coin tosses I need to beat 3 in 4, not 1 in 2.
> If I toss a coin four times and it comes up heads three and tails once, it doesn’t mean that there’s a 75% chance that this coin lands heads up.
No, but it means that to ensure that I do better on my next set of coin tosses I need to beat 3 in 4, not 1 in 2.