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Let p be the probability that a coin toss turns out to be 'Heads' and let p be an estimate of this probability. A coin
Let p be the probability that a coin toss turns out to be 'Heads' and let p be an estimate of this probability. A coin is tossed 20 times. The coin turns out to be 'Heads' 7 times and 'Tails' 14 times. Which of the following would you conclude?
(a) p = 0.3
(b) p = 0.5
(c) The expected value of p is p
(d) None of the above
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