Question: Create a simulation of flipping 100 pennies. Statistically test the significance of the number of heads generated in the simulation versus the theoretical number of

Create a simulation of flipping 100 pennies. Statistically test the significance of the number of heads generated in the simulation versus the theoretical number of heads.

For exercises 2–8:

a. Draw pictures of possible results (outcomes) from such a sample and the managerial conclusion would result from each outcome.

b. Compute the 95% confidence interval.

c. State the null and alternative hypothesis.

d. State the appropriate statistical conclusion.

e. State the appropriate managerial conclusion.

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