Roll a die repeatedly. Say that you stop when the sum goes above 63. What is the probability that the second to last value was X. Make a market on this probability. Ie what is your 90 percent confidence interval.
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Home » Mathematics » Roll a die repeatedly. Say that you stop when the sum goes above 63. What is the probability that the second to last value was X. Make a market on this probability. Ie what is your 90 percent confidence interval.