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You have two coins:
You randomly select one of these coins and flip it twice, resulting in two heads. We need to determine the probability that the coin you picked is the fair one.
This is a classic problem that can be solved using Bayes' Theorem, which allows us to update our probability estimates based on new evidence.
Bayes' Theorem: P(A∣B)=P(B)P(B∣A)×P(A)
Where:
Prior Probability of Selecting the Fair Coin (P(A)):
Probability of Two Heads Given the Coin is Fair (P(B|A)):
Total Probability of Getting Two Heads (P(B)):
Probability the Coin is Fair Given Two Heads (P(A|B)):
The probability that the selected coin is fair, given that both flips resulted in heads, is 134 or approximately 0.3077. This reflects the reduced likelihood of the fair coin being the one used, given the observed outcome of two heads.