Question 1
(a). A casino gambler keeps on inserting fifty Ghana
pesewa coins into a ven...
Mathematics, 12.12.2020 17:00 jordanfwtm
Question 1
(a). A casino gambler keeps on inserting fifty Ghana
pesewa coins into a vending machine with the hope of
winning ten Ghana cedis after each try. After five tries,
he has not won anything. Nevertheless, he decides to
continue playing the game.
(i). Indicate whether the decision taken is right or wrong,
giving reasons for your answer.
(ii). Base on your decision taken in (i) above, explain the
probability concept that the gambler employed in
playing the game.
(b). In a coin tossing experiment, two error decisions are
likely to occur. Briefly discuss the implications of
making each of the two errors.
Answers: 3
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