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

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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. 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.)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
5.35  Happiness in Marriage
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/07/2008 for the course STAT 2610 taught by Professor Syvantek during the Spring '08 term at Auburn University.

Page1 / 6

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

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online