Business, 07.04.2020 21:42, naomicervero

Suppose that you are a student worker in the Statistics Department and agree to be paid by the Random Pay system. Each week the Chair flips a coin. If the coin comes up heads, your pay for the week is $80; if it comes up tails, your pay for the week is $40. You work for the department for 100 weeks (at which point you have learned enough probability to know the system is not to your advantage). Suppose is your average pay for the 100 weeks. Then, has approximately a .

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Suppose that you are a student worker in the Statistics Department and agree to be paid by the Rando...