Math Problem Statement
Assume you flip a coin 80 times, and calculate that it has a sample mean of 0.56, a 90% confidence interval of [0.61, 0.52], and a 99% confidence interval of [0.63, 0.49]. What can you conclude?
Pick ONE option
the coin is fair with certainty p < 0.01
the coin is not fair with certainty p < 0.01
the coin is not fair with certainty p < 0.1 but not p < 0.01
the coin is fair with certainty p < 0.1 but not p < 0.01
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Hypothesis Testing
Formulas
Confidence Interval Formula: CI = p̂ ± Z*(sqrt[(p̂(1-p̂))/n])
Sample Proportion (p̂) = x/n
Theorems
Central Limit Theorem
Normal Approximation of Binomial Distribution
Suitable Grade Level
Undergraduate Level