Re: MLB Betting
New001, that is what I understand it to mean.
In one text I have in which the author introduces a confidence interval they state that a XX% confidence interval means that if you were to take the same sample size for the given event over and over again then the distribution of XX% of these samples would lie within that interval. I simply assume this is a fancy way of saying that you have XX% confidence that your true result lies within this interval.
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