A friend of yours claims that when he tosses a coin he can control the outcome. You
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a) Do two losses in a row convince you that he really can control the toss? Explain.
b) You try a third time, and again you lose. What's the probability of losing three tosses in a row if the process is fair?
c) Would three losses in a row convince you that your friend controls the outcome? Explain.
d) How many times in a row would you have to lose to be pretty sure that this friend really can control the toss? Justify your answer by calculating a probability and explaining what it means.
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Related Book For
Stats Data And Models
ISBN: 662
4th Edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
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