Problem regarding the sure of getting

Assignment Help Basic Statistics
Reference no: EM131008812

Belgian euro. Recently, two students made worldwide headlines by spinning a Belgian euro 250 times and getting 140 heads-that's 56%. That makes the 90% confidence interval (51%, 61%). What does this mean? Are the conclusions in parts a-e correct? Explain your answers.

a) Between 51% and 61% of all euros are unfair.

b) We are 90% sure that in this experiment this euro landed heads between 51% and 61% of the spins.

c) We are 90% sure that spun euros will land heads between 51% and 61% of the time.

d) If you spin a euro many times, you can be 90% sure of getting between 51% and 61% heads.

e) 90% of all spun euros will land heads between 51% and 61% of the time.

Reference no: EM131008812

Questions Cloud

Find joannas monthly credit card payment : Find Joanna's monthly credit card payment. Assume that Joanna makes every payment for the life of the loan. Find her total payments. How much interest does Joanna pay?
Creation of a confidence interval : Confidence intervals, again. Several factors are involved in the creation of a confidence interval. Among them are the sample size, the level of confidence, and the margin of error. Which statements are true?
Brief description of two neurological factors : Brief description of two neurological factors that may be related to criminal behavior. Then, describe what potential they each demonstrate for predicting criminal behavior and explain why, using specific examples
Problem regarding the confidence intervals : Several factors are involved in the creation of a confidence interval. Among them are the sample size, the level of confidence, and the margin of error. Which statements are true?
Problem regarding the sure of getting : Recently, two students made worldwide headlines by spinning a Belgian euro 250 times and getting 140 heads-that's 56%. That makes the 90% confidence interval (51%, 61%). What does this mean? Are the conclusions in parts a-e correct? Explain your a..
How many music players will be bought : How many music players will be bought at a price of $260? Graph the demand function for 0 ≤ x ≤ 400. Find the marginal demand, q'(x). Interpret the meaning of the derivative.
Propose a structure for the compound : Propose a structure for the compound - assign the 1H NMR and 13C NMR spectra for each compound
Define suburban sprawl : Define suburban sprawl and describe how human population growth causes it. List the negative, environmental impacts caused by suburban sprawl
Problem regarding the catalog sales : A catalog sales company promises to deliver orders placed on the Internet within 3 days. Follow up calls to a few randomly selected customers show that a 95% confidence interval for the proportion of all orders that arrive on time is 88% ; 6%. Wha..

Reviews

Write a Review

Basic Statistics Questions & Answers

  I 42 of registered voters in a country are registered

if 42 of registered voters in a country are registered democrat and we select 8 random voters what is the probability

  Simplex method-define variables

Using simplex method, define variables, find how many units of each ingredient are required to meet the biologists need at minimum cost? How do I set up the equations for this problem?

  Suppose you have 22 shoes in a basket 5 identical pairs of

suppose you have 22 shoes in a basket 5 identical pairs of sneakers 4 identical pairs of sandals and 2 identical pairs

  Why to bother testing if true mean is fifty ppm

Obvious tests In many cases, hypothesis testing is used when the evidence is obvious. For example, why would you even bother testing if the true mean is 50 ppm?

  A random sample of 15 teachers from rhode island has an

a random sample of 15 teachers from rhode island has an average salary of 35270 with a standard deviation of 3256. a

  Discussion on nonparametric

Explain what a nonparametric test is, and state one disadvantage of having to use a non-parametric test. Describe a research study where the outcome variable may warrant the use of nonparametric statistics over parametric statistics.

  A sample of 250 observations is selected from a normal

a sample of 250 observations is selected from a normal population for which the population standard deviation is known

  Hypothesis testing-mean number of customers

Your population mean has always been 9 customers per hour. The sample standard deviation is 4. The sample size is 25. The sample mean is 8.

  Sample size for estimating population mean

It is believed that the range of hourly wages paid to auto mechanics in a large city is $9 (range approx. = 4sigma-squared). If we assume that hourly wages are approximately normally distributed,

  To calculate the dispersion measures

Determine the range, variance, and standard deviation for the sample data.

  What is probability that at least one of events a or b occur

If A is the event that the democratic candidate wins the presidential election in 2012 and B is the event that there is a 6.2 or higher earthquake in Los Angeles sometime in 2013, what would you take as the probability that both A and B occur? Wha..

  Crude oil of specific gravity 086 is to be pumped at 20c

crude oil of specific gravity 0.86 is to be pumped at 20c. what is the min pipe size that can be used in order to

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