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In a coin flipping game, a prize is won if heads is thrown 45%-55% of the time. In a second game, a prize is won if heads is thrown less than 25% of the time. In which game would you rather flip the coin
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Nov 20, 2018
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In a coin flipping game, a prize is won if heads is thrown 45%-55% of the time. In a second game, a prize is won if heads is thrown less than 25% of the time. In which game would you rather flip the coin 25 times or 500 times?
Mathematics
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Matsr
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either because its 50-50 and random so you cant really control your results
Chaffelson
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Nov 23, 2018
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You would rather flip the coin 500 times in the first game because over time the percentage should average out to that range.
You would flip the coin 25 times in the second game to let outliers have a greater chance of making a dramatic difference, like having the average be strayed from 50:50 to 25:75 or less
Igal S
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Nov 26, 2018
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