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#1 2019-11-07 09:00:07

mrpace
Member
Registered: 2012-08-16
Posts: 88

Calculating the probability of coin being biased

Hi all

A coin is tossed 150 times

We know that there are only two possible outcomes, heads or tails, however, we don't know what the probability of each result occurring is.

Results:
80 times, it lands on heads
70 times, it lands on tails

What is the probability that heads has a greater than 50% chance of occurring on the next toss?

Any help is appreciated

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#2 2019-11-19 23:39:02

George,Y
Member
Registered: 2006-03-12
Posts: 1,379

Re: Calculating the probability of coin being biased

It is a classical p-value test
But I would argue that this test cannot judge probability.

I suggest you read Bayesian statistics. I guess this problem is a false one.


X'(y-Xβ)=0

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