Vikrant

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We are still making strong assumptions, even in this simple coin-flipping example. We are assuming the coin is fair and balanced, it is flipped properly so the result is not predictable, it does not land on its edge, an asteroid does not strike after the first flip, and so on. These are serious considerations (except possibly the asteroid): they serve to emphasize that all the probabilities we use are conditional – there is no such thing as the unconditional probability of an event; there are always assumptions and other factors that could affect the probability. And, as we now see, we need to ...more
Vikrant
Conditional probablity
The Art of Statistics: Learning from Data
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