How many heads in a row would you need to see

Assignment Help Basic Statistics
Reference no: EM13842807

You are given a coin which you know is either fair or double-headed. You believe that the a priori odds of it being fair are F to 1; i.e., you believe that the a priori probability of the coin being fair is F F +1 . You now begin to flip the coin in order to learn more. Obviously, if you ever see a tail, you know immediately that the coin is fair. As a function of F, how many heads in a row would you need to see before becoming convinced that there is a better than even chance that the coin is double-headed?

Reference no: EM13842807

Questions Cloud

Descriptive data analysis : Create a fictitious data set that you will analyze. The data should have a minimum of 30 cases, but not more than 50 cases. Include the fictitious data set as part of the appendix. Conduct a descriptive data analysis that includes the following:
Find the dimensions of the rectangle : find the dimensions of the rectangle
Details the impacts all three types of inventory : There are three main types of inventory: raw materials, work in process, and finished goods. In general, inventory of wither has both positive and negative impacts on an organization. Discuss in details the impacts all three types of inventory.
Figured out a way to reduce its inventory inventory : Your company has figured out a way to reduce its inventory inventory (raw materials) by 50 percent without affecting quality or the production schedule. Your supplier is reliable so no delivery issues are expected. Your contract calls for you to pay ..
How many heads in a row would you need to see : You now begin to flip the coin in order to learn more. Obviously, if you ever see a tail, you know immediately that the coin is fair. As a function of F, how many heads in a row would you need to see before becoming convinced that there is a bette..
Describe the primary quality concerns-manufacturing systems : List and describe the primary quality concerns of each major function within the manufacturing systems defined in your text. How should leaders coordinate these concerns?
What was primary cash crops of jamestown? : What was primary cash crops of Jamestown?
How does global distribution affect a brand : Discuss the following questions based on chapter 15 reading and personal experience. How does global distribution affect a brand? How do intermediaries reduce the number of contacts needed to deliver goods?
Why is tracking error more important than portfolio variance : Why is the tracking error more important than portfolio variance of returns when a portfolio managers performance is measured versus a benchmark?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd