Multiple choice. Circle all the correct answers
a) You flip a coin 100,000 times and record the outcome in a random variable X such that Xi = 1 if the toss is “Heads” and 0 if its “Tails”. The Law of Large Numbers says that:
i. It is impossible for the first n flips to all be “Heads” if n is large.
ii. With high probability, the share of coin flips that are “Heads” will approximate 50%.