Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

To determine if a coin is fair, it is flipped 50 times and the number of heads is recorded. If the number of heads is

To determine if a coin is fair, it is flipped 50 times and the number of heads is recorded. If the number of heads is within 5 of the expected number of heads (25) then the coin is judged to be fair. that is a coin is judged to be fair if the number of heads in 50 flips is at least 20 and at most 30.

A) Suppose that the coin is actually fair so that it will land on heads 50% of the time in the long run. What is the probability that it will mistakenly be declared "not fair" according to this criterion?

B) Suppose that you changed the criterion so that a coin is judged to be fair if the number of heads in 50 flips is within k of the expected number of heads. If you wanted to reduce the probability of the error described in part (a) to less than 1% what is the smallest value k you can use? justify

c) Suppose that a different coin is biased so that it will land on heads 60% of the time. What is the probability that it will mistakenly be declared "fair" according to the original criterion?

D) How would the probability in part (C) change if the coin will land on heads 70% of the time? explain why this makes sense.

Step by Step Solution

3.38 Rating (154 Votes )

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

Introductory Statistics For The Behavioral Sciences

Authors: Joan Welkowitz, Barry H. Cohen, R. Brooke Lea

7th Edition

0470907762, 978-0470907764

More Books

Students also viewed these Mathematics questions

Question

What are conversion costs? What are prime costs?

Answered: 1 week ago