The German Tank Problem

Estimating your chances of winning the lottery with sampling

Statistical estimates can be fascinating, can’t they? By just sampling a few instances from a population, you can infer properties of that population such as the mean value or the variance. Likewise, under the right circumstances, it is possible to estimate the total size of the population, as I want to show you in this article.

I will use the example of drawing lottery tickets to estimate how many tickets there …

data science getting-started statistics