Question: A gambler suspects that a coin may be weighted more heavily toward the outcome of tails (T) over heads (H). He flips the coin 25
A gambler suspects that a coin may be weighted more heavily toward the outcome of tails (T) over heads (H). He flips the coin 25 times and notes the following sequence:
T T H T T T H H T H T T H T T T H H T H T H TT H
a. Specify the competing hypotheses to test the gambler's belief on nonrandomness.
b. What is the value of the test statistic?
c. Calculate the p-value.
d. At the 5% significance level, is the gambler's belief supported by the data?
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