What's the difference between the fields of probability and statistical inference?
A coin tossing series produces the results HHHHH. Does this provide strong evidence that the coin is not fair?
The solution is simply "Yes". I find this ridiculous, because if starting with an H, the P value of having another 4 Hs in a row is as much as 6%. The result suggests that the coin is not fair, but does not provide strong evidence that it's not. One will have to carry out a few more series in my opinion.
Do you agree with me, or am I wrong?
A coin tossing series produces the results HHHHH. Does this provide strong evidence that the coin is not fair?
The solution is simply "Yes". I find this ridiculous, because if starting with an H, the P value of having another 4 Hs in a row is as much as 6%. The result suggests that the coin is not fair, but does not provide strong evidence that it's not. One will have to carry out a few more series in my opinion.
Do you agree with me, or am I wrong?