vault backup: 2024-01-16 14:01:27
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@ -72,6 +72,8 @@ To make a box model, answer the following questions:
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The number of draws is the amount of events.
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The number of outcomes is the number of tickets
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In the example of a dice roll, you would create tickets 1, 2, 3, 4, 5, 6, and include the number of times you roll the die next to it.
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m
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The *expected value*(EV) for the *sum* of all draws is $num_{draws}*ave_{box}$.
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The *standard error* for the sum of all draws is the
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The *standard error* (SE) for the sum of all draws is $\sigma_{box} \sqrt{num_{draws}}$
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68% of the data will be within +- 1 SE of the EV.
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