Published January 31, 2020
We found the following article from Nick Maggiuli’s blog Of Dollars and Data to be interesting and hope you will also:
“Assume I flip a coin 5 times and get the following result (let H = heads and T = tails):
HHHHH
What is the probability that my sixth flip is also a heads (H)? Assuming the coin is fair (equal likelihood of heads and tails), you already know that the answer is 50%. Because coin flips are an independent process, prior flips have no bearing on future flips. (more…)