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Old 10-16-2012, 07:39 PM
chris chris is offline
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Join Date: Sep 2012
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Default Q2.2/Hoeffding clarifications

A few questions regarding question 2.2:

- Is the question asking which statistics (v_1, v_r and v_min) fit the assumptions underlying application of the Hoeffding inequality for estimating the bias of an individual coin (i.e. mu = out of sample probability of a head)?

- Is it fair to say that Hoeffding can be applied to any of these statistics as long as mu reflects the out of sample distribution of that statistic?

- What is the appropriate value of N when applying Hoeffding to the average of 100,000 repetitions of the average number of heads realised by 10 coin flips? Is it 100,000 or 1,000,000? Seems to me that the overall process is equivalent to averaging the number of heads over 1,000,000 coin flips?

Thanks in advance for your help...
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