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I Give You a Coin, and You Flip It 100

question 14

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I give you a coin, and you flip it 100 times. Let X = the number of heads observed in those 100 flips. You build the following line of reasoning:
Steps
1) You assume each flip is an independent, random outcome.
2) You assume the coin is fair.
3) Using your statistics book, you conclude that X is distributed binomial with mean 50 and variance 25.
4) Based on this distribution, you conclude that you would observe X < 41 or X > 59 approximately 5% of the time.
5) You observe X = 37 and conclude that the probability that X < 41 or X > 59 is not 5%.
6) Because the probability that X < 41 or X > 59 is not 5%, you conclude the coin is not fair.
Which of these steps is part of deductive reasoning?


Definitions:

Financial Statements

Papers that summarize the financial status of a corporation, featuring the balance sheet, income statement, and statement of cash flows.

Monopoly Privileges

Exclusive rights granted to a company or entity to operate as the sole provider of a product or service in a specific market or region.

Financial Statement Data

This refers to the quantitative information contained in the financial statements of a company, including the balance sheet, income statement, and cash flow statement, used for analysis.

Equity Offerings

The sale of equity or shares in a company to raise capital, usually through public offerings or private placements.

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