Answer to Question #109296 in Statistics and Probability for joseph

Question

A casino gambler keeps on inserting fifty Ghana pesewa coins into a vending machine with the hope of winning ten Ghana cedis after each try. After five tries, he has not won anything. Nevertheless, he decides to continue playing the game.
(i). Indicate whether the decision taken is right or wrong, giving reasons for your answer.
(ii). Base on your decision taken in (i) above, explain the probability concept that the gambler employed in playing the game.
(b). In a coin tossing experiment, two error decisions are likely to occur. Briefly discuss the implications of making each of the two errors.

Answer 1

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