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The German Tank Problem. Estimating your chances of winning the… | by Dorian Drost | Mar, 2024

Estimating your chances of winning the lottery with sampling Statistical estimates can be fascinating, can’t they? By just sampling a few instances from a population, you can infer properties of that population such as the mean value or the variance. Likewise, under the right circumstances, it is possible to estimate the total size of the…

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