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QUESTION
When Harvey Dent flips his favourite coin 1000 times, "heads" appears 440 times. Let p be the true probability that this coin will come up "heads"...
When Harvey Dent flips his favourite coin 1000 times, "heads" appears 440 times. Let p be the true probability that this coin will come up "heads" when tossed.
a) Estimate p using a 95% confidence interval. Use the standard approximate confidence interval.
b) Based on the interval in part a), would you suspect that the coin is "unfair"? Explain.
