At a new exhibit in the Museum of Science, people are asked to choose between 50 or
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At a new exhibit in the Museum of Science, people are asked to choose between 50 or 100 random draws from a machine. The machine is known to have 60 green balls and 40 red balls. After each draw, the color of the ball is noted and the ball is put back for the next draw. You win a prize if more than 70% of the draws result in a green ball.
Would you choose 50 or 100 draws for the game? Explain.
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You would choose 50 balls because with larger sample sizes the standard de...View the full answer
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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