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In our first lecture, we talked about famous example of a problem that most people get wrong because they don't have a good intuition about how the...
I am confused with the second question on the attachment document as listed below.
2. About how many babies would need to be born at a hospital each day in order for there to be less than a 1% chance that on any given day 60% or more of the babies will be male? Give your answer to the nearest 10 (e.g. 90, 100...160, 170, 180, etc...). To earn full credit your answer should include the full details of any simulations you used to arrive at your answer, including all of the details you used to answer the first question above. You should also explain what strategy you used to answer the problem.
Helpful hints:
(1) To calculate the 60% cutoff for a given number of coins, multiply the number of coins by 0.6.
(2) "Less than a 1% chance" is less than 10 times out of 1,000, less than 20 times out of 2000, etc.
(3) The answer is fewer than 200 babies per day.
