Formulate the corresponding null and alternative hypotheses
Problem: A coin has been tossed 1000 times, 470 times of which it landed heads up, and 530 times it landed tails up.
Is this coin fair? Formulate and test, the corresponding null and alternative hypotheses and interpret your result.
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In a paragraph reflect over your results from trying to run the out-of-pocket model for five years (what was good, bad, mistakes you made?
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