Tom Adams

2019. CRC Press LLC/ASA.
Reprinted with permission. Edited for house style.

Statistical Hypothesis Testing

Let’s say you have been entering one bracket in a winner-take-all pool with 30 entries and a $10 entry fee for the last 10 years. You have won in one of those years. That puts you well into the black, since you have won $300 and all your fees add up to only $100. But does your success actually constitute convincing evidence that you have a superior bracket strategy?

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