You want to determine if a coin is biased in favor of falling heads up or tails

Question:

You want to determine if a coin is biased in favor of falling heads up or tails up.

(a) You flip the coin three times and obtain three heads. What should you decide?

(b) Why is the informal experiment in part (a) badly designed?

(d) Suppose you flip the coin six times and obtain six heads. What should you decide?

(e) What distribution is used to reach a decision in part (a) and part (d)?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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