A tool used to compute the likelihood of obtaining specific outcomes when tossing a fair coin. It quantifies the chances of landing on either “heads” or “tails” across a single toss or multiple tosses. The calculations are based on the fundamental principle that a standard, unbiased coin has two equally probable sides.
Understanding the possibilities associated with this common random event has broad applications. From simple games of chance to statistical analysis, and even as a basic component in more complex algorithms, the concept of equal chance probabilities offers a foundational understanding for probability and statistics. Historically, analyzing coin tosses has served as a practical demonstration of probabilistic concepts, aiding in the development of statistical theories.
