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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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