Question Description
I need help with a Statistics question. All explanations and answers will be used to help me learn.
Prompt
Which provides a better estimate of the theoretical probability P(H) for the unfair coin: an empirical probability using 30 flips or 1000 flips? Why do you think so?
Explanation & Answer
Which provides a better estimate of the theoretical probability P(H) for the unfair coin: an empirical probability using 30 flips or 1000 flips? Why do you think so?If the wording is confusing I will try to clarify the question first:They are asking you if you flipped an unfair coin a certain number of times and recorded the number of heads, would flipping the coin 30 or 100 times give you a better estimate of the true probability of getting heads on that specific unfair coin?If you are still confused, there are two kinds of probabilities (in general):1. theoretic...
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