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  2. Coin flipping - Wikipedia

    en.wikipedia.org/wiki/Coin_flipping

    The three-way flip is 75% likely to work each time it is tried (if all coins are heads or all are tails, each of which occur 1/8 of the time due to the chances being 0.5 by 0.5 by 0.5, the flip is repeated until the results differ), and does not require that "heads" or "tails" be called.

  3. Checking whether a coin is fair - Wikipedia

    en.wikipedia.org/wiki/Checking_whether_a_coin_is...

    Two party polling. If a small random sample poll is taken where there are only two mutually exclusive choices, then this is similar to tossing a single coin multiple times using a possibly biased coin. A similar analysis can therefore be applied to determine the confidence to be ascribed to the actual ratio of votes cast.

  4. Gambler's fallacy - Wikipedia

    en.wikipedia.org/wiki/Gambler's_fallacy

    When flipping a fair coin 21 times, the outcome is equally likely to be 21 heads as 20 heads and then 1 tail. These two outcomes are equally as likely as any of the other combinations that can be obtained from 21 flips of a coin. All of the 21-flip combinations will have probabilities equal to 0.5 21, or 1 in 2,097,152. Assuming that a change ...

  5. Bernoulli trial - Wikipedia

    en.wikipedia.org/wiki/Bernoulli_trial

    A representation of the possible outcomes of flipping a fair coin four times in terms of the number of heads. As can be seen, the probability of getting exactly two heads in four flips is 6/16 = 3/8, which matches the calculations. For this experiment, let a heads be defined as a success and a tails as a failure.

  6. Fair coin - Wikipedia

    en.wikipedia.org/wiki/Fair_coin

    In theoretical studies, the assumption that a coin is fair is often made by referring to an ideal coin. John Edmund Kerrich performed experiments in coin flipping and found that a coin made from a wooden disk about the size of a crown and coated on one side with lead landed heads (wooden side up) 679 times out of 1000. [1]

  7. Flipping Rare Coins: A Profitable Side Hustle for Coin ... - AOL

    www.aol.com/flipping-rare-coins-profitable-side...

    To get your coin-flipping side hustle started, here is a step-by-step guide to help you determine the market value of rare coins and explore effective strategies for selling them to turn your ...

  8. Law of large numbers - Wikipedia

    en.wikipedia.org/wiki/Law_of_large_numbers

    For example, a fair coin toss is a Bernoulli trial. When a fair coin is flipped once, the theoretical probability that the outcome will be heads is equal to 1 ⁄ 2. Therefore, according to the law of large numbers, the proportion of heads in a "large" number of coin flips "should be" roughly 1 ⁄ 2.

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