Con Man Game Consider this problem: A con man has 3 coins.

Elementary Statistics: A Step By Step Approach | 9th Edition | ISBN: 9780073534985 | Authors: Allan Bluman

Problem 1CTC Chapter 4

Elementary Statistics: A Step By Step Approach | 9th Edition

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Elementary Statistics: A Step By Step Approach | 9th Edition | ISBN: 9780073534985 | Authors: Allan Bluman

Elementary Statistics: A Step By Step Approach | 9th Edition

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Problem 1CTC

Con Man Game Consider this problem: A con man has 3 coins. One coin has been specially made and has a head on each side. A second coin has been specially made, and on each side it has a tail. Finally, a third coin has a head and a tail on it All coins are of the same denomination. The con man places the 3 coins in his pocket, selects one, and shows you one side. It is heads. He is willing to bet you even money that it is the two-headed coin. His reasoning is that it can’t be the two-tailed coin since a head is showing; therefore, there is a 50-50 chance of it being the two-headed coin. Would you take the bet? (Hint: See Exercise 1 in Data Projects.)

Step-by-Step Solution:

Step 1 of 2:

It is given that a man has 3 coins.One coin has heads on both the sides.Another coin has tails on both the sides.The third coin has head on one side and tail on another side.

The man places the three coins in his pocket and selects one and shows its one side and it is head.

So, he bets even money that the selected coins is a two headed coin.There is 50-50 chance of being a regular coin or a two headed coin.

Using this we need to decide whether we need to take the bet or not.

Step 2 of 2

Chapter 4, Problem 1CTC is Solved
Textbook: Elementary Statistics: A Step By Step Approach
Edition: 9th
Author: Allan Bluman
ISBN: 9780073534985

Since the solution to 1CTC from 4 chapter was answered, more than 291 students have viewed the full step-by-step answer. Elementary Statistics: A Step By Step Approach was written by and is associated to the ISBN: 9780073534985. The full step-by-step solution to problem: 1CTC from chapter: 4 was answered by , our top Statistics solution expert on 09/01/17, 05:46AM. The answer to “Con Man Game Consider this problem: A con man has 3 coins. One coin has been specially made and has a head on each side. A second coin has been specially made, and on each side it has a tail. Finally, a third coin has a head and a tail on it All coins are of the same denomination. The con man places the 3 coins in his pocket, selects one, and shows you one side. It is heads. He is willing to bet you even money that it is the two-headed coin. His reasoning is that it can’t be the two-tailed coin since a head is showing; therefore, there is a 50-50 chance of it being the two-headed coin. Would you take the bet? (Hint: See Exercise 1 in Data Projects.)” is broken down into a number of easy to follow steps, and 132 words. This textbook survival guide was created for the textbook: Elementary Statistics: A Step By Step Approach , edition: 9th. This full solution covers the following key subjects: coin, SIDE, man, coins, head. This expansive textbook survival guide covers 33 chapters, and 1015 solutions.

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