Solved: A coin that is balanced should come up heads half the time, Financial Management

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A coin that is balanced should come up heads half the time

1. A coin that is balanced should come up heads half the time in the long run. A coin is tossed 4040 times and gives 2085 heads. Is the coin biased? Use Alpha = .05. (State the Hypothesis Scenario, calculate the test statistics or p - value and state the conclusion)

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Financial Management: A coin that is balanced should come up heads half the time

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