Question

We are given a weighted coin (with one side heads, one side tails), and we want to estimate the unknown probability pp that it will land heads. We flip the coin 1000 times and it happens to land heads 406 times. Give answers in decimal form, rounded to four decimal places (or more). We estimate the chance this coin will land on heads to

Answer 1

Answer:

0.4060

Step-by-step explanation:

To calculate the sample proportion, phat, we take the ratio of the number of preferred outcome to the total number of trials ;

Phat = number of times coin lands on head (preferred outcome), x / total number of trials (total coin flips), n

x = 406

n = 1000

Phat = x / n = 406/ 1000 = 0.4060