Re: General Probabilty Questions
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2nd Question:
This is a question I would love to have answered. I would love the formula if possible also. Let's say you have a quarter. The most probable outcome, if you flip it ten times, is 5 heads and 5 tails. However, what are the odds that this actually happens.
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C(10,5)*(1/2)^5*(1/2)^5 =~ 24.6%.
C(10,5) is the number of ways to pick the 5 heads, and is equal to 10*9*8*7*6/(5*4*3*2*1).
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A similar situation: You have a quarter. You flip it 100 times. What are the odds you land 60 heads and 40 tails
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C(100,60)*(1/2)^60*(1/2)^40 =~ 1.1%
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the responses to both questions were exactly what I was looking for. Thanks a lot. I am not sure if I understand this whole C(10,5) concept. It appears to have something to do with factorials. Is there a button for "C" on a calculator. I am a little unclear of what "C" actually is.
Regardless, good response. Thanks a lot
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