This is a blog containing data related news and information that I find interesting or relevant.
Links are given to original sites containing source information for which I can take no responsibility. Any opinion expressed is my own.
Saturday, 20 August 2016
Understanding the Empirical Law of Large Numbers and the Gambler’s Fallacy by Mehmet Suzen via @kdnuggets
Law of large numbers is a important concept for practising data scientists. In this post, The empirical law of large numbers is demonstrated via simple simulation approach using the Bernoulli process.
Nice explanation
No comments:
Post a Comment
Note: only a member of this blog may post a comment.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.