A conditional probability (Bayes theorem) problem. About jars and coins.
Anonymous
Jacob, thanks for giving a concrete question and applying Bayes' rule in an illustrative way. But you stopped short of answering the question-- what is the probability that the next flip is a heads. Using the probability of each coin, the answer can be calculated as: P(next toss is H) = P(double-headed) * P(H | double-headed) + P(fair) * P(H | fair) = 0.506 * 1 + (1-0.506) * ½ = 0.75308945 Doing 3 significant figures yields a final answer of 0.753. This is roughly halfway between the fair coin's head probability (0.5) and the double-sided (1.0).
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