If we could make pancakes forever, and it turns out that the proportion of burned pancakes stabilizes

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If we could make pancakes forever, and it turns out that the proportion of burned pancakes stabilizes at 0.137, would that matter for the probability that pancakes are burnt?

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The Bayesian Way Introductory Statistics For Economists And Engineers

ISBN: 9781119246879

1st Edition

Authors: Svein Olav Nyberg

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Question Posted: Mar 16, 2024 12:00 AM

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If we could make pancakes forever, and it turns out that the proportion of burned pancakes stabilizes

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Yes By the frequentist definition this me...View the full answer

The Bayesian Way Introductory Statistics For Economists And Engineers

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