15 Barney has a biased coin. When the coin is thrown once, the probability that tho coin will land heads is 0.3 Bamey throws the coin 4 times. (a) Work out the probability that the coin will land heads exactly 3 times. (b) Work out the probability that the coin will lard heads at least once. (b) Coblity
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Bonus Knowledge
To tackle the probability of getting heads when throwing a biased coin, let's dive into some fun facts! Did you know that the concept of probability dates back to ancient civilizations? The earliest recorded attempts at understanding probability were made by gambling enthusiasts in the 16th century, who calculated odds for games of chance and laid the groundwork for modern probability theory! Now, let’s talk about how to apply this to real-world scenarios! Understanding the probabilities of events can help in making decisions under uncertainty, like predicting weather patterns or the chances of rain. For example, if you know there's a 30% chance of heads from your biased coin, you can determine whether it's worth carrying an umbrella based on your next “coin toss”!