this post was submitted on 05 Dec 2024
1608 points (98.7% liked)

memes

16825 readers
4479 users here now

Community rules

1. Be civilNo trolling, bigotry or other insulting / annoying behaviour

2. No politicsThis is non-politics community. For political memes please go to !politicalmemes@lemmy.world

3. No recent repostsCheck for reposts when posting a meme, you can only repost after 1 month

4. No botsNo bots without the express approval of the mods or the admins

5. No Spam/Ads/AI SlopNo advertisements or spam. This is an instance rule and the only way to live. We also consider AI slop to be spam in this community and is subject to removal.

A collection of some classic Lemmy memes for your enjoyment

Sister communities

founded 2 years ago
MODERATORS
 

Seriously though, don't do violence.

you are viewing a single comment's thread
view the rest of the comments
[–] Railcar8095@lemm.ee 51 points 8 months ago (1 children)

Without 25 observations at least we cannot draw conclusions

[–] chiliedogg@lemmy.world 16 points 8 months ago (1 children)

Depends on your dataset, confidence, and margin of error.

Assuming that 95% of billionaires will act similarly and 750-ish total billionaires in the US, if you want to have 99% confidence and 1% margin of error, you'll need a minimum sample size of around 600.

We really should be thorough. For science.

[–] Railcar8095@lemm.ee 13 points 8 months ago

Usually I would nit pick the hypothesis you want to confirm and the math you used, but for some reason 600 sounds right.