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HW_13_14_SOL

Course: ECON 220, Spring 2011
School: University of Toronto
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Word Count: 432

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Homework, ECO220Y: Lectures 13 &amp; 14 SOLUTIONS (1) The number of trials and the probability of success. Go over how this relates to the example and provide the intuition. (2) The first example would be Binomial but the second case would not. Drawing cards without replacement would lead to a violation of the independence requirement for a Binomial Experiment. (3) Answer: n = 2. With two tosses you have a...

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