Stein’s Paradox
Why the Sample Mean Isn’t Always the Best Tim Sumner · Follow Published in Towards Data Science · 8 min read · 12 hours ago — Image by Author Averaging is one of the most fundamental tools in statistics, second only to counting. While its simplicity might make it seem intuitive, averaging plays a central role in many mathematical concepts because of its robust properties. Major results in probability, such as the Law of Large