SOLUTION: Suppose you toss a coin 100 times and get 54 heads and 46 tails, Based on these results what is the probability that the next flip results in a head?

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Question 1014302: Suppose you toss a coin 100 times and get 54 heads and 46 tails, Based on these results what is the probability that the next flip results in a head?
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
it's still .5

the sample mean of .54 for a sample size of 100 is not sufficiently far enough away from the theoretical probability of .5 to indicate that the coin is not a fair coin.

the limits at 95% confidence level are .41775 to .58225

the proability of heads from a sample of size 100 could be anywhere between there and still be considered as due to sample error rather than a shift in the probability of the coin itself.