They argue that just because the coin is balanced, each outcome (the result of three tosses) must
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They argue that just because the coin is balanced, each outcome (the result of three tosses) must have probability 1/8. Note that a coin is balanced if P(H)=P(T)=0.5 at each toss. It is enough to CRITICIZE THE REASONING by considering just a two-toss experiment, for which WMS would (incorrectly) argue that the probability of each pair of outcomes is automatically 1/4 , FROM THE FAIRNESS OF THE COIN ALONE. This mistake is made in many introductory statistics books. Criticize the reasoning of Example 2.3.
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Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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