How accurate is a Guess in statistics.

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SUMMARY

The discussion centers on the accuracy of guesses in the context of statistical probabilities. Participants clarify that statistical probabilities are not observer-dependent and emphasize that there are multiple outcomes rather than a singular outcome. The conversation highlights the importance of understanding the underlying probability distribution in mathematical probability, which is not inherently 'law-like.' The conclusion drawn is that the accuracy of a guess cannot be definitively quantified.

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  • Understanding of statistical probabilities and their definitions.
  • Familiarity with mathematical probability and underlying probability distributions.
  • Knowledge of the distinction between statistical outcomes and mathematical models.
  • Basic comprehension of observer dependence in statistical analysis.
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  • Research the concept of "Statistical Probability" and its definitions.
  • Learn about different types of probability distributions and their applications.
  • Explore the role of observer dependence in statistical modeling.
  • Study methods for quantifying uncertainty and accuracy in statistical guesses.
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Statisticians, data analysts, and anyone interested in understanding the nuances of statistical probabilities and their applications in real-world scenarios.

ranyart
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In Stastitical Probabilities, the outcome is intepreted as a fundamental 'Law like' process.

Is this based on observer dependance?

P.S How accurate is a Guess?
 
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First, I have absolutely no idea what you mean by "Statistical Probabilities". Are there other kinds of probabilities?

Second, I have no idea where you got the idea that, in any kind of probability, "the outcome is intepreted as a fundamental 'Law like' process. "

For one thing, there are usually many "outcomes" not "the outcome". Also, in mathematical probablility, we are typically "given" the underlying probability distribution but I would not call that 'Law like'.

If that is what you are talking about, then, no, it is not "observer dependent". Of course, when you are applying a mathematical model to a statistical problem, you might approximate the given distribution by one based on observation.

Finally, it's impossible to say how "accurate" a "guess" is.
 
Originally posted by HallsofIvy
First, I have absolutely no idea what you mean by "Statistical Probabilities". Are there other kinds of probabilities?

Second, I have no idea where you got the idea that, in any kind of probability, "the outcome is intepreted as a fundamental 'Law like' process. "

For one thing, there are usually many "outcomes" not "the outcome". Also, in mathematical probablility, we are typically "given" the underlying probability distribution but I would not call that 'Law like'.

If that is what you are talking about, then, no, it is not "observer dependent". Of course, when you are applying a mathematical model to a statistical problem, you might approximate the given distribution by one based on observation.

Finally, it's impossible to say how "accurate" a "guess" is.


Thanks Ivy, it was a hasty posting I had been flying around a number a site's looking for a defined explanation:http://en.wikipedia.org/wiki/Statistical_probability

But your reply is correct in that my post was ill-defined, thanks.
 

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