What is the probability of 3 heads in 5 flips of a balanced coin? (5%)
What is the probability of less than 3 heads in 5 flips of a balanced coin? (5%)
If 1 balanced coin is tossed 4 times, compute the entire probability distribution and
plot it. (5%)
Compute and plot the probability distribution for a sample of 5 items taken at
random from a production process known to produce 30% defective items. (5%)
Comment on the symmetry or asymmetry of the probability distribution of problem
(4) and problem (5), respectively. (4%)
What kind of assumptions do you need to obtain BLUE for the parameter β1 ? (5%)
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