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Standard Error: Random Coins

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2. Assume that you have 30 coins in a bowl. If you mix them well and grab ten coins, with your eyes closed, thousands of times, what would be the average sample portion of heads? What would be the standard error?

3. If you conducted the experiment in question 2 grabbing only six coins at a time, what would be the average sample portion of heads? What would be the standard error? Compare your results to those in question 2.

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Solution Summary

The Solution uses heads/tails on a coin to provide an example of average sample and standard error.

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