A coin that is balanced should come up heads half the time in the long run.
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A coin that is balanced should come up heads half the time in the long run.

Question

2) A coin that is balanced should come up heads half the time in the long run. A coin is tossed 4153 times and gives 2156 heads. Is the coin biased? Use Alpha = .05. 

(State the Hypothesis Scenario, calculate the test statistics, p - value and state the conclusion)

Hint
StatisticsPo=0.5Sample proportion, P-hat = 2156/4153 = 0.519143Null Hypothesis, Ho: coin is balanced. p=poAlternative Hypothesis, h1: coin is biased. p is not equal to po...

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