Originally Posted by
Phillip559
It is important to keep in mind that these small differences could just be isolated instances. Then again, are such small differences really even significant? E.G. A difference of 100 feet when only 200 feet exist would be significant while a difference 100 feet when thousands of feet are involved would be rather insignificant.
Business statistics teaches us that to make statements about an entire population from a small sample requires to have a "very large margin of error. Many members have done their own testing and reached conclusions based on these types of results.
Basically, it is very difficult to judge that a 3.826 is better than a 3.858, etc based on such a small amount of samples and runs being used.
We could flip a quarter three times and land heads three times in a row. Would it be correct to assume that a quarter always lands on heads?
I'm sure you get the point........
Bookmarks