Asked by Siti nur Jannah on May 29, 2024
Verified
If a coin is tossed, and the results are 6 consecutive tails (TTTTTT), this is conclusive evidence that the coin is not a fair coin.
Fair Coin
A coin that has an equal likelihood of landing on heads or tails when flipped, symbolizing a 50/50 chance in probability terms.
Consecutive Tails
A term referring to the occurrence of the tails side of a coin showing up multiple times in a row during coin tosses.
- Disclose and outline the multiple cognitive biases and heuristics affecting decisions in economic scenarios, such as the anchoring effect and hyperbolic discounting.
Verified Answer
ZK
Zybrea KnightJun 01, 2024
Final Answer :
False
Explanation :
Each toss of a fair coin is an independent event, and getting 6 consecutive tails is unlikely but not impossible. It does not conclusively prove the coin is biased.
Learning Objectives
- Disclose and outline the multiple cognitive biases and heuristics affecting decisions in economic scenarios, such as the anchoring effect and hyperbolic discounting.
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