In the theory of probability we started with knowledge of the chances of an individual outcome—heads or tails—and used this to predict the average behavior of sequences of individual trials. Our assumption that the probability of heads is 0.5 was based both on long and varied experience in tossing coins and on our intuitive feeling for the physics involved in tossing flat disk-shaped objects whose opposite sides are not very different.
KeywordsIncome Black Ball Expense Cholera Prose
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