This is a spinoff from the previous post. In that post, we remarked that whenever one receives a new piece of information , the prior odds ratio between an alternative hypothesis and a null hypothesis is updated to a posterior odds ratio , which can be computed via Bayes’ theorem by the formula where is […]A Bayesian probability worksheet
What are the odds?
An unusual lottery result made the news recently: on October 1, 2022, the PCSO Grand Lotto in the Philippines, which draws six numbers from to at random, managed to draw the numbers (though the balls were actually drawn in the order ). In other words, they drew exactly six multiples of nine from to . […]What are the odds?