Probability A coin is flipped 3 times. What is the probability that you get 2 heads? \( \mathrm{P}(2 \) heads \( )= \) Choose... Event Sample Space Choose... Experiment \# of trials Choose...

When flipping a coin 3 times, the total number of outcomes is \(2^3 = 8\) because each flip has 2 possible results (either heads or tails). The specific outcomes that produce exactly 2 heads are HHT, HTH, and THH, making a total of 3 favorable outcomes. Thus, the probability of getting 2 heads is calculated by dividing the number of favorable outcomes (3) by the total outcomes (8): \(P(2 \text{ heads}) = \frac{3}{8}\). In practice, understanding the concepts of probability can help in various scenarios, from games of chance to risk assessment in business decisions. Applying probability enables better decision-making by quantifying uncertain outcomes, such as determining whether to invest in a new project or predicting the likelihood of events in sports betting!