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Material Type: Exam; Class: Economic Statistics; Subject: Economics; University: Syracuse University; Term: Fall 2007;
Typology: Exams
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Do all five problems and the sixth if you choose. EXPLAIN your reasoning for each answer!! [Tell me WHY you add when you add, WHY you multiply when you multiply, ... .] Include a statement of exactly what assumptions you are making.
B. (5 pts) Do the problem again, but this time assume Professor Evensky randomly selects eleven shoes.
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 or 1 4 3 6 4 5 4 1 2 4 2 3 6 6 2 1 4 3 2 5
(B) Which is more likely, getting three 1s in 20 tosses or getting four 1s?