Hypothesis Testing:
The coin is tossed 50,000 times, and 25,250 heads result. Using a significance level of 0.05, would you reject the assertion that the coin is fair? Specify the hypothesis. Show test statistics=2.24. Either compute the P-value (=0.025) or by looking at the rejection region, make a decision (Fail to reject H0/Reject H0) Write the conclusion ................
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