this post was submitted on 05 Dec 2024
1585 points (98.7% liked)
memes
10651 readers
2478 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Without 25 observations at least we cannot draw conclusions
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.
Usually I would nit pick the hypothesis you want to confirm and the math you used, but for some reason 600 sounds right.