Lee Hodg

Category Archives: Betting

Coin Flip

Deciding if a coin is fair

We can have a statistical model for single flip of the coin: $(\{0, 1\}, \{\sim\text{Ber}(p)\}_{p \in (0, 1)})$ (means the result is either 0 (tails) or 1 (heads) and the distribution is just a Bernoulli with prob $p$ of $1$ and $(1-p)$ of $0$) Then the null and alternative hypotheses are * $H_0$: coin is […]