Question: *** (a) A fair coin is tossed and you win a dollar if there are more than 60% heads. Which is better: 10 tosses or

*** (a) A fair coin is tossed and you win a dollar if there are more than 60% heads. Which is better: 10 tosses or 100 tosses) Explain.

(b) As in (a), but you win the dollar if there are more than 40% heads.

(c) As in (a), but you win the dollar if there are between 40% and 60% heads.

(d) As in (a), but you win the dollar if there are exactly 50% heads.

*** Fifty draws will e made at random, with replacement, from one of the boxes below. On each draw you will be paid in dollars the amount shown on the tickets you draw; if a negative number is drawn, that amount will be taken from you. which box is better? Or are they the sam? explain.

i) -1 , +2

ii) -1 , -1 , +2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!