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John and Andy play heads or tails with a coin. After 190tosses John, who chose tails, won 105times. Immediately Andy claims that the coin is
John and Andy play heads or tails with a coin. After 190tosses John, who chose "tails", won 105times. Immediately Andy claims that the coin is biased and there are greater chances of getting the tail with this coin. John thinks it is not true. Who is right?
consider here three significance levels, usually applied in econometrics: 1%,5%, 10%.
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