Answer:
a. We get 56 heads out of 100 tosses.
We will use one sample proportion test
x = 56
n = 100
Formula of test statistic =
=
=
refer the z table for p value
p value = 0.8849
a. We get 560 heads out of 1000 tosses.
We will use one sample proportion test
x = 560
n = 1000
Formula of test statistic =
=
=
refer the z table for p value
p value = .000148
p value of part B is less than Part A because part B have 10 times the number the tosses.
When setting up the equation you have the initial fee and the hourly fee. The hourly fee is what must be multiplied by the number of hours which is our unknown