Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the results of Project #2. Recall that you performed a binomial probability experiment 50 times. In Project #3, you will calculate a 99% Confidence

Use the results of Project #2. 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 which gives a result of p=48%. It means the actual probability deviates from the guess 56%.

Now you compute the confidence intervals using the value of you of p you computed in Project #2.

State your guess from Project #2. Which of the confidence intervals contain your original guess? None of them? All of them? Was your original guess accurate or inaccurate? Write a paragraph to explain.

Here is project 2!!

From the above table, 120 heads appear 30 times. This the empirical probability 30/50 = 0.6 but the original probability of success is 0.5. The empirical probability of success is far off from the original.

D. Explanation:

The experiment was counted out by flipping a coin 50 times and the results of each toss are noted. From the above parts, it is clear that the original guess is not the same as the empirical probability. The empirical probability until the original guess when the number of lips is increased.

***** THERE IS NO REFERENCE NEEDED!!!*

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

Step: 3

blur-text-image

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

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042

More Books

Students also viewed these Mathematics questions