Homework SourseSuppose you toss a coin 100 times and get 93 heads and 7 tai
Suppose you toss a coin 100 times and get 93 heads and 7 tails. Based on these results, what is the probability that the next flip results in a tail?
Suppose you toss a coin 100 times and get 93 heads and 7 tails. Based on these results, what is the probability that the next flip results in a tail?
Solution
Not knowing whether the coin is fair we should use the empirical probability of a head, 93/100, so the probability of a tail is 1-93/100 =.0.07
