Fill in the blank: The probability that a fair coin lands heads is 0.5. Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands heads will________. approach 0.5 be equal to 0.5 be greater than 0.5 be less than 0.5

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Answer 1

Textbook Question

Chapter 5, Problem 1CQ

Fill in the blank: The probability that a fair coin lands heads is 0.5. Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands heads will________.

approach 0.5
be equal to 0.5
be greater than 0.5
be less than 0.5

Expert Solution & Answer

To determine

To fill: The blank in the statement “The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will_________.”

Answer to Problem 1CQ

The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Explanation of Solution

It is given that the probability that a fair coin lands heads is 0.5 .

According to law of large numbers, the probability is the ratio of favorable outcomes and the total number of outcomes takes place.

Now, law of large numbers defines as the principal of probability that states the same frequency of average outcome of the events on large number of trials. If any of the events are repeating many of the times then on an average it will give same number of outcomes.

Here, a coin is toss repeatedly; the proportion of times it lands head will be same 0.5.

Therefore,the probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Thus, option (i) is correct.

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Could you please answer this question using excel. For 1a) I got 84.75 and for part 1b) I got 85.33 and was wondering if you could check if my answers were correct. Thanks

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Using the accompanying Accounting Professionals data to answer the following questions. a. Find and interpret a 90% confidence interval for the mean years of service. b. Find and interpret a 90% confidence interval for the proportion of employees who have a graduate degree. view the Accounting Professionals data. Employee Years of Service Graduate Degree?1 26 Y2 8 N3 10 N4 6 N5 23 N6 5 N7 8 Y8 5 N9 26 N10 14 Y11 10 N12 8 Y13 7 Y14 27 N15 16 Y16 17 N17 21 N18 9 Y19 9 N20 9 N Question content area bottom Part 1 a. A 90% confidence interval for the mean years of service is (Use ascending order. Round to two decimal places as needed.)

Answer 2

Textbook Question

Chapter 5, Problem 1CQ

Fill in the blank: The probability that a fair coin lands heads is 0.5. Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands heads will________.

approach 0.5
be equal to 0.5
be greater than 0.5
be less than 0.5

Expert Solution & Answer

To determine

To fill: The blank in the statement “The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will_________.”

Answer to Problem 1CQ

The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Explanation of Solution

It is given that the probability that a fair coin lands heads is 0.5 .

According to law of large numbers, the probability is the ratio of favorable outcomes and the total number of outcomes takes place.

Now, law of large numbers defines as the principal of probability that states the same frequency of average outcome of the events on large number of trials. If any of the events are repeating many of the times then on an average it will give same number of outcomes.

Here, a coin is toss repeatedly; the proportion of times it lands head will be same 0.5.

Therefore,the probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Thus, option (i) is correct.

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Answer 3

Textbook Question

Chapter 5, Problem 1CQ

Fill in the blank: The probability that a fair coin lands heads is 0.5. Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands heads will________.

approach 0.5
be equal to 0.5
be greater than 0.5
be less than 0.5

Expert Solution & Answer

To determine

To fill: The blank in the statement “The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will_________.”

Answer to Problem 1CQ

The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Explanation of Solution

It is given that the probability that a fair coin lands heads is 0.5 .

According to law of large numbers, the probability is the ratio of favorable outcomes and the total number of outcomes takes place.

Now, law of large numbers defines as the principal of probability that states the same frequency of average outcome of the events on large number of trials. If any of the events are repeating many of the times then on an average it will give same number of outcomes.

Here, a coin is toss repeatedly; the proportion of times it lands head will be same 0.5.

Therefore,the probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Thus, option (i) is correct.

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Answer 4

Textbook Question

Chapter 5, Problem 1CQ

Fill in the blank: The probability that a fair coin lands heads is 0.5. Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands heads will________.

approach 0.5
be equal to 0.5
be greater than 0.5
be less than 0.5

Expert Solution & Answer

To determine

To fill: The blank in the statement “The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will_________.”

Answer to Problem 1CQ

The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Explanation of Solution

It is given that the probability that a fair coin lands heads is 0.5 .

According to law of large numbers, the probability is the ratio of favorable outcomes and the total number of outcomes takes place.

Now, law of large numbers defines as the principal of probability that states the same frequency of average outcome of the events on large number of trials. If any of the events are repeating many of the times then on an average it will give same number of outcomes.

Here, a coin is toss repeatedly; the proportion of times it lands head will be same 0.5.

Therefore,the probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Thus, option (i) is correct.

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Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

To fill: The blank in the statement “The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will_________.”

Answer to Problem 1CQ

The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Explanation of Solution

It is given that the probability that a fair coin lands heads is 0.5 .

According to law of large numbers, the probability is the ratio of favorable outcomes and the total number of outcomes takes place.

Now, law of large numbers defines as the principal of probability that states the same frequency of average outcome of the events on large number of trials. If any of the events are repeating many of the times then on an average it will give same number of outcomes.

Here, a coin is toss repeatedly; the proportion of times it lands head will be same 0.5.

Therefore,the probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Thus, option (i) is correct.

Answer 8

Expert Solution & Answer

To determine

To fill: The blank in the statement “The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will_________.”

Answer to Problem 1CQ

The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Explanation of Solution

It is given that the probability that a fair coin lands heads is 0.5 .

According to law of large numbers, the probability is the ratio of favorable outcomes and the total number of outcomes takes place.

Now, law of large numbers defines as the principal of probability that states the same frequency of average outcome of the events on large number of trials. If any of the events are repeating many of the times then on an average it will give same number of outcomes.

Here, a coin is toss repeatedly; the proportion of times it lands head will be same 0.5.

Therefore,the probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Thus, option (i) is correct.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

To fill: The blank in the statement “The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will_________.”

Answer 12

Answer to Problem 1CQ

The probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Answer 13

Explanation of Solution

It is given that the probability that a fair coin lands heads is 0.5 .

According to law of large numbers, the probability is the ratio of favorable outcomes and the total number of outcomes takes place.

Now, law of large numbers defines as the principal of probability that states the same frequency of average outcome of the events on large number of trials. If any of the events are repeating many of the times then on an average it will give same number of outcomes.

Here, a coin is toss repeatedly; the proportion of times it lands head will be same 0.5.

Therefore,the probability that a fair coin lands heads is 0.5 . Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands head will approach 0.5.

Thus, option (i) is correct.

Answer 14

Fill in the blank: The probability that a fair coin lands heads is 0.5. Therefore, we can be sure that if we toss a coin repeatedly, the proportion of times it lands heads will________. approach 0.5 be equal to 0.5 be greater than 0.5 be less than 0.5

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