'"The reality, however, was that for one set of tests, the failure rate was 51.3 per cent. What does that mean? Prosecutors explain: “In other words, Theranos’s TT3 blood test results were so inaccurate, it was essentially a coin toss whether the patient was getting the right result. The data was devastating.”'
Slightly worse than a coin toss, even after accounting for the inherent bias in a flipped coin :-)
"51% failure rate" doesn't mean "100% accurate 49% of the time, and 50% accurate 51% of the time", it means "right 49% of the time, wrong 51% of the time" - a coin toss.
Slightly worse than a coin toss, even after accounting for the inherent bias in a flipped coin :-)