What is the flaw in the statement and how would you correct

Assignment Help Basic Statistics

Reference no: EM131795312

Flaws

A person spinning a 1962 penny gets 10 heads out of 50 spins. Because she gets a p-value of 0.00002, she says she has proved the coin is biased.

What is the flaw in the statement and how would you correct it?

Reference no: EM131795312

Questions Cloud

Why are the smaller companies opposing the switch : (a) What are the reasons larger companies and rule makers are in favor of the switch to IFRS? (b) Why are the smaller companies opposing the switch?

Effective customer feedback programs : Personal dimensions suggest elements that can be used in effectively. Effective customer feedback programs.

Importance of financial ratios and financial analysis : Discuss the purpose and importance of financial ratios and financial analysis. What are the limitations of financial ratio analysis?

Characteristics of long-term debt financing : What are the four sources of long-term debt financing? What are the five characteristics of long-term debt financing?

What is the flaw in the statement and how would you correct : A person spinning a 1962 penny gets 10 heads out of 50 spins. Because she gets a p-value of 0.00002, she says she has proved the coin is biased.

Forecast of the european central bank : Market fluctuations and the forecast of the European Central bank with regard to short term rate fluctuations and inflation from 2004 to 2010.

Find the number of defects using this approach : The null hypothesis on rolling a die is a multiple of 3, and the proportion of multiples of 3 is 0.33. A person rolling the die 12 times gets 8 successful rolls

What dollar amount of competitive bids treasury will accept : During a Treasury Bill auction, the Treasury Department needs to sell $900 Million in new T-Bills with a maturity of 90 days.

Calculate the free cash flow for cellular access : Question: Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is closest to ($ million):

Reviews

Write a Review

Required(*) Message

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!

Submit Assignment

User Account

All Pages