Select True or False from each pull-down menu, depending on whether the correspo

Question

Select True or False from each pull-down menu, depending on whether the corresponding statement is true or false.

   ? True False 1. 'Random' in statistics is a description of a kind of order that only emerges in the long run.

   ? True False 2. Including more trials in a simulation always results in a better estimation of the underlying probability.

   ? True False 3. Probability describes only what happens in the long run.

   ? True False 4. Since the long-run probabillity of heads resulting from a coin toss is .5, a streak of several tails in a row is more likely to be followed by a head

Explanation / Answer

Solution:-

1) Random' in statistics is a description of a kind of order that only emerges in the long run. True

2) Including more trials in a simulation always results in a better estimation of the underlying probability. False

3) Probability describes only what happens in the long run. True.

4) Since the long-run probabillity of heads resulting from a coin toss is 0.5, a streak of several tails in a row is more likely to be followed by a head. False

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