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Two types of coins are produced at a factory: a fair coin and a biaséd one that comes up heads 55 percent of the time. We have one of these coins but do not know whether it is a fair coin or a biased one. In order to ascertain which type of coin we have, we shall perform the following statistical test: We shall toss the coin 1000 times. If the coin lands on heads 525 or more times, then we shall conclude that it is a biased coin, whereas, if it lands heads less than 525 times, then we shall conc
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