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galben [10]
3 years ago
7

Suppose that the p-value was 0.0259. what is the appropriate conclusion to make if α = 0.05?

Mathematics
1 answer:
fiasKO [112]3 years ago
6 0
<span>It is clear to see that 0.0259 is less than 0.05. A p-value that is less than the confidence level of alpha indicates that there is sufficient evidence from the data that the null hypothesis should be rejected in favor of an alternative hypothesis.</span>
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Step-by-step explanation:

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Three fair coins are tossed. If all land "heads," the player wins $10, and if exactly two land heads, the player wins $5. If it
hodyreva [135]

Answer:

<u>After four games, a player can lose up to $ 16 to win up to $ 26. These are the probabilities for every game:</u>

<u>1/8 or 12.5% of landing three "heads"</u>

<u>3/8 or 37.5% of landing two "heads"</u>

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Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

If three coins land "heads" the player wins $ 10

If two coins land "heads" the player wins $ 5

Cost of playing = $ 4

2.  What is the player's expected outcome after four games?

Probability of two coins out of three lands "heads" = 3/8

Probability of three coins out of three lands "heads" = 1/8

Now, let's calculate the player's expected outcome, as follows:

Four games:

Cost = 4 * 4 = $ 16

Worst-case scenario: No wins

Best-case scenario: 4 out of 4 of $ 10 win

Worst-case scenario profit or loss = 0 - 16 = Loss of $ 16

Best-case scenario profit or loss = 40 - 16 = Profit of $ 24

After four games, a player can lose up to $ 16 to win up to $ 26. These are the probabilities for every game:

1/8 or 12.5% of landing three "heads"

3/8 or 37.5% of landing two "heads"

4/8 or 50% of landing no or only one "head".

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3 years ago
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