Below are four versions of the same game. Your archnemesis gets to pick the version of the
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Below are four versions of the same game. Your archnemesis gets to pick the version of the game, and then you get to choose how many times to ip a coin: 10 times or 100 times. Identify how many coin ips you should choose for each version of the game. It costs $1 to play each game.
Explain your reasoning.
(a) If the proportion of heads is larger than 0.60, you win $1.
(b) If the proportion of heads is larger than 0.40, you win $1.
(c) If the proportion of heads is between 0.40 and 0.60, you win $1.
(d) If the proportion of heads is smaller than 0.30, you win $1.
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Related Book For
OpenIntro Statistics
ISBN: 9781943450077
4th Edition
Authors: David Diez, Mine Çetinkaya-Rundel, Christopher Barr
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