Describe what is wrong and give a reason for given answer

Reference no: EM131422744

What's wrong? In each of the following scenarios, there is something wrong. Describe what is wrong and give a reason for your answer.

(a) If you toss a fair coin three times and get heads all three times, then the probability of getting a tail on the next toss is much greater than a half.

(b) If you multiply a random variable by 10, then the mean is multiplied by 10 and the variance is multiplied by 10.

Reference no: EM131422744

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