If it takes a day to do 2000 guesses and coin flips, it would take more than 1.3×10 16 years of 2000 flips per day before you'd expect to see 1200 correct guesses due to chance. That's more than a million times the age of the universe, so you'd better get started soon!
For example, the sample space of a flipped coin has two discrete outcomes, and we talk about the probability of head or tail. The sample space of a six-sided die has six discrete outcomes, and we talk about the probability of 1 dot, 2 dots, and so forth.
It’s like going to a casino. If you can go in and put down a bet, win, and then take the winnings and walk out of the casino, then you can do well with bitcoin. The problem is that when most people get a big win, they plough it back into the system.
6. Compute the probability that in a room of N people, at least two share a birthday 7. Describe the gambler’s fallacy Probability of a Single Event If you roll a six-sided die, there are six possible outcomes, and each of these outcomes is equally likely. A six is as likely to come up as a three, and likewise for the other four sides of the die.
If a person flips a coin and then rolls a six-sided die, describe the sample space of possible outcomes using H, T for the coin outcomes and 1, 2, 3, 4, 5, 6 for the die outcomes. (Make sure your answers reflect the order stated.) The sample space is S. (Use a comma to separate answers as needed.) ses Get more help from Chegg
Then they organize an exercise for an imminent global pandemic and say vaccines will be the only solution. Next Bill Gates tweets how excited he is about selling vaccines in the next year. Immediately after that, the announced pandemic breaks out.
Not a precise solution, but good enough for many purposes: Flip the coin a large number of times, interpret the result as number in base 2, and take it modulo 6. Some of the six numbers will be slightly disadvantaged, but you can make that difference arbitrarily small by increasing the number of coin flips.