this post was submitted on 05 Dec 2024
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Seriously though, don't do violence.

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[–] Railcar8095@lemm.ee 51 points 2 weeks ago (1 children)

Without 25 observations at least we cannot draw conclusions

[–] chiliedogg@lemmy.world 16 points 2 weeks ago (1 children)

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.

[–] Railcar8095@lemm.ee 13 points 2 weeks ago

Usually I would nit pick the hypothesis you want to confirm and the math you used, but for some reason 600 sounds right.