Equation 24 · Part 1 · Why Average Success Rate Hides the Failures That Matter Most
Symbol k
What this part means
k is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.
Its job in the formula
k is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.
Full expression→Symbol k→Article meaning
The passage around this formula
A bound is not an estimate, though, and an operator usually needs more than an upper limit — they need to know roughly what the rate actually is, which requires observing the event itself, repeatedly, rather than merely failing to observe it. For a Poisson-distributed count of k observed tail events, the relative standard error of the resulting rate estimate scales as 1/ , so getting a usably precise estimate — a relative error in the neighbourhood of 20 to 25 percent, comparable to observing on the order of twenty events — requires
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A variable is a named place for a value. Its letter is a local label: x can mean position in one formula and a data point in another.
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Sources cited in the article section
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