Somebody flips a coin 100 times. It’s come up heads each time. What are the odds it comes up heads on the 101st throw? If you’re doing a probability problem, the answer is 50%.
If the coin is fair, the answer is 50%… but what are the odds that the coin is fair, given that it’s come up heads 100 times?
If the coin is fair, the answer is 50%… but what are the odds that the coin is fair, given that it’s come up heads 100 times?