A Short Study on Bias Present in Classical Random Processes
Ayush Verma *
School of Sciences, Jain University, India.
*Author to whom correspondence should be addressed.
Abstract
Sometimes, outcomes of random processes don’t seem to follow the theoretical probabilities due to the presence of bias and even when the probabilities are followed in a large number of trials, dynamic bias is still evident in many of these processes. This paper provides a short study on the bias using examples and defines what kind of processes could be biased. It also demonstrates the two types of bias which are dynamic and fixed. This study could be used to analyze the bias in various random processes and get a better understanding of the outcomes. Dynamic bias has further been explained with the help of 52 cards. The study helps in providing a better understanding of randomness and further helps in designing experiments.
Keywords: Law of large numbers, monte carlo, bias, probability error, true probability, deck of 52 cards, design of experiments