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Questions On T H T Company

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QUESTION 1: Guess outcome 1. T H T T 11. T H H 21. T H 31. T 2. H T T T 12. H H T 22. T H 32. H 3. T H T H 13. T T T 23. T H 33. T 4. T T H T 14. H T H 24.H T 34. H 5. H T T H 15. T H T 25. T T 35. T 6. H H H T 16. T H T 26. H H 36. T 7. H H T H 17. H H H 27. T T 37 H 8. T T T T 18. T T T 28. T H 38. T 9. H T T H 19. H T H 29. H T 39. T 10. H T H T 20. T H T 30. T H 40. H Probability of getting a head in 30 toss is 0.33 Probability of getting a head in 60 toss is 0.43 Probability of getting a head in 100 toss is 0.44 Actual toss 1. T T H 11. T T T 21.T H 31.H H 2. H H T 12. H H H 22. H H 32.H H 3. H H T 13. T T T 23. T T 33.H H 4. T T T 14. T T T 24.T H 34.H T 5. H H T 15. H T H 25.T H 35.T T 6. T T H 16. H T H 26.T T 36.H T 7. T H H 17. T H T 27.H T 37 T H 8. H H H 18. T H T 28.H T 38.H T 9. H H H 19. T T T 29.H H 39.T H 10. H H T 20. H H T 30.T H 40.H T Probability of a head in 30 toss is 0.433 Probability of a head in 60 toss is 0.5 Probability of a head in 100 toss is 0.48 The longest streak of consecutive head was in the actual tossing having 10 heads at a go, while the length of consecutive head in the guessed tossed coin was just 4 heads at a row. In the guess tossing, no streak of long heads as this was based on imagination and just writing, while in the actual tossing you v have no control of the outcome, which had longer streak. People tend to fall prey to both gamblers fallacy and representativeness bias in the sense the

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