A coin is tossed 100 times resulting in 46 heads and 54 tails. The same coin is tossed 1000 times resulting in 495 heads and 505 tails. What is the theoretical probability of getting heads with this coin?
Theoretically the chance of flipping a coin is still 50%. However, the likelihood based on a data set such as this is 49.18%. You can get this by adding the numbers together and dividing by the total number of times flipped.
