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(Solved): A biased coin, where the probability of heads is p=(1)/(6), is flipped n times. Let Y be the number ...
A biased coin, where the probability of heads is p=(1)/(6), is flipped n times.
Let Y be the number of heads and define x=(Y)/(n) as the relative frequency of heads.
Compute the expected value, variance, and standard deviation of x.