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Homework%20#8

# Homework%20#8 - Homework#8 Notes 5.6 Random digits a Equal...

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Homework #8  Notes  5.6  Random digits: a.  Equal probability for 10 digits;  p (single digit) = 0.10 b.  not correct; random does not guarantee equal production, especially in short run c.  Correct; approximately 10% of the time d.  Correct; large numbers rule. 5.11 Unannouncecd pop quiz: a. string of t & f b.  50% c. check against the table…  %;  Depends on your response pattern d. 42 %   true, expect 50%, random chance allows fluctuation in the short run, but a  consistent pattern in the long run. e. Runs 5 trues, 8 falses;  this is the reflection of the random pattern and random  variation. 5.12  Stock Market Randomness: a. Applet:  Runs ranged from 4 to 8;  each person’s answer will vary. b. average runs were around 6; c. Chance alone can account for runs of 5 days without any other factor.  People  want to make “sense” of random events and interpret meaning when none exists.  (Especially  true with money & love.)

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5.35  Happiness in Marriage
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Homework%20#8 - Homework#8 Notes 5.6 Random digits a Equal...

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