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
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