We want to use a 0.05 significance level to test the claim that a coin favors heads,

Question:

We want to use a 0.05 significance level to test the claim that a coin favors heads, and sample data consist of 7 heads in 8 tosses. We can’t use the normal approximation method because we violate the requirement that np ≥ 5 and nq ≥ 5. Use the binomial probability to test the claim.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...