Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A) Choose a binomial probability experiment. You could flip a coin, or toss a basketball from the free throw line and see if you make

image text in transcribed
A) Choose a binomial probability experiment. You could flip a coin, or toss a basketball from the free throw line and see if you make the shot or miss, or choose another experiment where the outcome is a success or failure (only two possible outcomes.) 1) Make a guess about the probability of success before doing the experiment. 2) Repeat the experiment 50 times, and record the results. 3) Calculate the empirical probability of success, and compare it to your original guess. Were you close or were you far off? 4) Write a paragraph explaining how you did the experiment and comparing your results to your guess Use the results of the above question (A) Recall that you performed a binomial probability experiment 50 times. In Project #3, you will calculate a 99% Confidence Interval for the true probability of success, a 95% Confidence Interval, and a 90% Confidence Interval. Hints:- Suppose, you guessed that there would be 28 heads i.e. p=56%, So q= 44%. After the actual tossing of the coin, you got 24 heads. It means the actual probability deviates from the guess 56%. Now you do this interval with the given confidence level. Which of these intervals contain your original guess? None of them? All of them? Was your original guess accurate or inaccurate? Write a paragraph to explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finite Mathematics

Authors: Stefan Waner, Steven Costenoble

7th Edition

133751554X, 9781337515542

More Books

Students also viewed these Mathematics questions