Urgent help!!
When he reached for the object a genie miraculously materialized and stated: "You have found my magic coin. If you flip this coin an infinite number of times you will notice that heads will show 60% of the time." Soon after the genie's declaration he vanished, never to be seen again. Friend Ken was skeptical of his friend's story, however, he told Alan to flip the coin 100 times and to record how many flips resulted with heads.
a) What is the probability that Alan will be able convince Ken that his coin has special powers by finding a p value below 0.05 (one tailed).

Question

Urgent help!! 
When he reached for the object a genie miraculously materialized and stated: "You have found my magic coin. If you flip this coin an infinite number of times you will notice that heads will show 60% of the time." Soon after the genie's declaration he vanished, never to be seen again. Friend Ken was skeptical of his friend's story, however, he told Alan to flip the coin 100 times and to record how many flips resulted with heads. 
a) What is the probability that Alan will be able convince Ken that his coin has special powers by finding a p value below 0.05 (one tailed).

mhchen · Answer

Think of how to apply the Probability formula with the P value to get your answer.