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The problem involves determining the probability that you selected the biased coin after observing 10 heads in a row from your chosen coin. This is a classic example of using Bayes' Theorem to calculate conditional probabilities.
Bayes' Theorem is a mathematical formula used to determine the conditional probability of an event, given the probability of another event that has already occurred. The theorem is expressed as:
P(A∣B)=P(B)P(B∣A)×P(A)
Where:
To find P(B), use the law of total probability:
P(B)=P(B∣A)×P(A)+P(B∣A′)×P(A′)
Substitute the values:
P(B)=(1×1001)+((21)10×10099)
Simplifying further:
P(B)=1001+1024×10099
Now apply Bayes' Theorem:
P(A∣B)=P(B)P(B∣A)×P(A)
Substitute the known values:
P(A∣B)=1001+1024×100991×1001
Simplify the expression:
P(A∣B)=1+1024991=11231024≈0.9118
The probability that the coin you selected is the biased one, given that you observed 10 heads in a row, is approximately 0.9118. This high probability reflects how unlikely it is to get 10 consecutive heads with a fair coin, thus making it more probable that the biased coin was chosen.