If You Get $10 for Heads but Lose $10 for Tails

question 37

Multiple Choice

If you get $10 for heads but lose $10 for tails on the flip of a fair coin,the coefficient of variation is:

• A) undefined.
• B) 0.
• C) 1.
• D) 10.
• E) 100.

---

Definitions:

Interval Estimate

A type of estimate used in statistics that specifies a range within which a population parameter is expected to lie with a certain level of confidence.

Distribution

Refers to the way in which something is shared out among a group or spread over an area.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used in the context of mean.

Point Estimate

A single value or statistic that is used to estimate the parameter of a population.