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This problem involves a binomial distribution, where:
Mean (bc): μ=np=576×0.5=288
Variance (c3^2): σ2=np(1−p)=576×0.5×0.5=144
Standard Deviation (c3): σ=144=12
Given the large number of trials (n = 576), the binomial distribution can be approximated using a normal distribution due to the Central Limit Theorem.
To find the probability of getting at least 312 heads, we convert the problem into a standard normal distribution problem by calculating the Z-score:
In a standard normal distribution, the probability that a value is greater than two standard deviations above the mean (Z = 2) is approximately 2.5%.
By using the normal approximation to the binomial distribution, we find that the probability of flipping at least 312 heads in 576 tosses of a fair coin is about 2.5%. This solution is based on the properties of the normal distribution, where approximately 95% of data lies within two standard deviations from the mean, leaving 5% in the tails, and thus 2.5% in the right tail.