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# (Solved) MATH225 Week 4 Quiz Brayden tosses a coin 500 times. Of those 500 times, he observes heads a total of 416 times. Calculations show that the probability of this occurring by chance is less than 0.01, assuming the coin is fair.

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QUESTION 10

Brayden tosses a coin 500 times. Of those 500 times, he observes heads a total of 416 times. Calculations show that the probability of this occurring by chance is less than 0.01, assuming the coin is fair. Determine the meaning of the significance level.

• We expect that 416 of every 500 coin tosses will result in heads.
• At the 0.01 level of significance, the coin is likely not a fair coin.
• There is certainty that the coin is not a fair coin.
• The results are not statistically significant at the 0.05 level of significance.

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