3 z-score in complexchoicesassumethere are 25 subjects that, Ask an Expert

Economics

(3) z-score in complexchoicesAssumethere are 25 subjects that have to find 4 identical wines in a sample of 20 wines.

(a) What is the random chance for any person of being right?

(b) Assume only 1 of 25 people found the matching 4 wines. Is this different from random? Calculate the z-score and interpret it referring to its significance.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91257601

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