When Less Data is Enough Data

When Less Data is Enough Data

The world is moving faster and we want answers in real time, or at least an answer that’s better than a guess. A question I often have is when does a sample reach critical mass to gain conviction? It’s somewhere between 0% of the data and 100%. But where?

As an example, let’s take the Major League Baseball season. The goal of each team is to make the playoffs. As a fan, though, with a 162 games in a season, at what point can I have confidence one way or the other on whether my team will be a contender?

Read Jordan Bean’s entire article here.

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