- #1
Mikes1098
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I hopefully have a rather simple question... I am looking for the equation to calculate the probability when the total counts of heads and tails get off balance. To further explain, when I flip the coin once there is 50/50 chance getting one or the other... If I flip the coin 10,000 times that probability will get closer and closer to .5. However, on the way to 10,000 flips... Maybe after 100 flips, I might have 30 heads and 70 tails... Therefore my next flip should have have more of a chance of hitting heads (greater than .5 anyway)... How do I calculate that "improved" probability after the measuring x amount of data?
Thanks
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