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Statistics for Decision- Making in Business - Maricopa Community ...

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This is def<strong>in</strong>itely a small probability, but it is not the only way <strong>in</strong> which this can happen. The tail<br />

can occur first, second, third, fourth, etc., with heads all around it. Another one would be:<br />

The probability of this sequence is the same: 9 heads, 1 tail. This is okay, s<strong>in</strong>ce the probability of<br />

toss<strong>in</strong>g a certa<strong>in</strong> sequence does not affect the probability of gett<strong>in</strong>g a head or tail on the next toss.<br />

So,<br />

( ) ( ) ( ) ( ) ( ) ( )<br />

Not surpris<strong>in</strong>gly, there are 8 more places <strong>for</strong> the tail to have appeared. We‟ll summarize <strong>in</strong> the<br />

table below:<br />

Arrangement of 9 , 1<br />

Probability<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

( ) ( )<br />

S<strong>in</strong>ce these are 10 dist<strong>in</strong>ct ways of gett<strong>in</strong>g this outcome, each with probability 0.000977 (that is,<br />

each takes up 0.0977% of the entire sample space), the probability of gett<strong>in</strong>g 9 heads and 1 tail<br />

is:<br />

( )<br />

As suspected, this particular event is not very likely.<br />

What if we complicated the problem a little more and asked, what would be the probability of<br />

hav<strong>in</strong>g two tails mixed up <strong>in</strong> 10 total tosses<br />

This gets more complicated, s<strong>in</strong>ce the two tosses could occur one after another, two tosses apart,<br />

three tosses apart, etc. To simplify our lives, it can be shown that the total number of ways <strong>in</strong><br />

which a b<strong>in</strong>ary “success” can occur is by f<strong>in</strong>d<strong>in</strong>g the follow<strong>in</strong>g comb<strong>in</strong>ation:<br />

. /<br />

<strong>Statistics</strong> <strong>for</strong> <strong>Decision</strong>-<strong>Mak<strong>in</strong>g</strong> <strong>in</strong> Bus<strong>in</strong>ess © Milos Podmanik Page 148

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