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YouTubeMidhaFin (MF)
IID Explained With Coin Toss Example | Statistics Made Simple
IID is one of those terms that sounds technical, but the idea is very simple. It basically means the observations are not influencing each other, and they are all coming from the same probability pattern. A simple example is repeated fair coin tosses. One toss does not change the result of the next toss, and every toss still has the same chance ...
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