A Fair Coin Has Come Up "Heads" 10 Times in a Row

question 2

Multiple Choice

A fair coin has come up "heads" 10 times in a row. The probability that the coin will come up heads
On the next flip is

• A) less than 50%, since "tails" is due to come up.
• B) greater than 50%, since it appears that we are in a streak of "heads."
• C) It cannot be determined.
• D) 50%.

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Definitions:

Personal Liability

The legal responsibility of an individual to compensate for harm or loss caused by their actions or negligence.

Treasury

A government department responsible for managing the finances, revenue, and economic policy of a country.

Majority Shareholder

An individual or entity that owns more than fifty percent of a company's shares, giving them significant control over the company.

Minority Shareholders

Owners of a smaller portion of a company's shares, who have limited control or power over corporate decisions compared to majority shareholders.