Each of the following three experiments will be repeated 1 million times and the variance of the
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Each of the following three experiments will be repeated 1 million times and the variance of the 1 million results will be calculated. Which of these experiments do you think will have the largest variance? The smallest variance? Explain your reasoning.
a. A coin is flipped and a 1 is recorded if it lands heads, 0 if it lands tails.
b. A coin is flipped eight times and the number of heads is recorded.
c. A coin is flipped eight times and the number of heads, divided by 8, is recorded.
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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