Cory Butts Statistics Coin Toss Project Professor Fricke October 30, 2014 Butts 2 Introduction There are many purposes to this coin toss experiment. The first purpose is for the students to be able to apply probability concepts into real life business situations. Secondly, the students are expected to be able to compare the various discrete probability distributions. Third, the students differentiated between computational, subjective, and empirical approaches to probability. In order to do so, the students had to identify the sample space, outcomes, and events of the coin toss experiment. The fourth purpose is to compute the probabilities of simple real life events. Lastly, the students became familiar with the use of technology for summarizing and visualizing the probability. In order for the students to obtain the goals above a specific procedure had to be followed. The first step in the coin toss experiment was to estimate the subjective probability using a cup full of ten fair coins. The estimates referred to the percent of time that each number of heads could turn up per 10 coin toss. After the guesses were made, a computer generated coin toss program tossed the coins 60 times for a total of 600 coins being tossed. The next step was to copy the results into excel calculate the cumulative number of heads and cumulative percent heads. Next, we used the data to compute the empirical and computational probability. Using these results, the next steps were to construct a line graph of the cumulative percent heads and a bar graph showing the empirical vs computational probabilities. Results 1. What percent of the time do you expect to get 5 heads? .130 2. What percent of the time do you expect to get 3 heads? .115 3. What percent of the time do you expect to get 7 heads? .095 Butts 3 4. What percent of the time do you expect to get no heads? .035 5. What percent of the time do you expect to get all heads? .045 6. Use your guesses above to fill in the chart below for all of the outcomes. X = Heads 0 1 2 3 4 5 6 7 8 Prob(X) .035 .125 .075 .115 .095 .130 .085 .095 7. What is the expected value for heads after tossing 600 coins? .110 9 10 .090 .045 4.965 8. How is the probability of getting three heads (# 2 above) related to the probability of getting three tails (# 3 above)? Explain your answer. The probabilities of each happening have an equal chance because it is a binomial distribution. 9. How is the probability of getting three heads related to the probability of getting seven tails? Explain your answer. In the instance of getting three heads it means that you will get seven tails because they have to equal 1. Below, there are two different graphs. This first graph represents a line graph of the cumulative percent heads. The x axis has the number of tosses and the y axis has the cumulative probability ranging from 0.4-0.6. As you can see, during the beginning tosses, the cumulative probabilities fluctuate the most. Typically, the more tosses thrown, the closer that the cumulative number of heads reaches fifty percent. The second graph is a bar graph that represents the empirical and computational probability of number of heads per 10 coins tossed. This computational bar graph is Butts 4 symmetrical. The empirical is skewed right. Both graphs are unimodal. Columns 1,2,9, and 10 are all unusual events. Cumulative Probability Cumulative Percent Heads 0.600 0.580 0.560 0.540 0.520 0.500 0.480 0.460 0.440 0.420 0.400 Cumulative Percent Heads 1 6 11162126313641465156616671 Toss Number Empirical vs. Computational 0.300 Probability 0.250 0.200 0.150 Empirical Probability 0.100 Computational Probability 0.050 0.000 1 2 3 4 5 6 7 8 9 10 11 Number of Heads Conclusion The results of this project are show in the line graph, bar graph, and the data from the excel spreadsheet. With that said, the results demonstrate that there are many possibilities that can occur when flipping 10 coins. Theoretically, by flipping 10 coins, most of the time 5 heads Butts 5 and 5 tails should be obtained. The data reflects this to be true most of the time. As one can see, most of the data hovers towards the mean. The further away from the mean, the less likely an event (number of heads). This experiment also shows that it is unusual for all or 9/10 coins are heads and likewise with none or one of the coins to be heads. Overall, the line graph and bar graph do an excellent job of illustrating the entirety of the project’s results. Appendix A This particular project taught me how to use statistics in possible real life situations. With that said, this project prepared me how to use Microsoft Excel which is a program that is used by many companies in the United States. Also, this project taught me how to incorporate statistical information into an excel spreadsheet and use that information to make multiple graphs. Meaning, I was able to take the heads and tails probabilities and use it to compare discrete probability distributions. Also, I learned how to use the data obtained from the virtual coin toss to distinguish between the computational, empirical, and subjective approaches to probability. All in all, this project has certainly prepared me for future job assignments that involve statistical information and using excel spreadsheets. I look forward to using this knowledge to my advantage when searching for future jobs that require these skills. Butts 6 Appendix B: Charts 1 and 2 Toss Number Number of Heads Cumulative Heads Total Coins Tossed Cumulative Percent Heads 4 1 4 10 0.400 3 2 7 20 0.350 7 3 14 30 0.467 7 4 21 40 0.525 4 5 25 50 0.500 2 6 27 60 0.450 5 7 32 70 0.457 7 8 39 80 0.488 6 9 45 90 0.500 4 10 49 100 0.490 4 11 53 110 0.482 2 12 55 120 0.458 13 5 60 130 0.462 4 14 64 140 0.457 4 15 68 150 0.453 3 16 71 160 0.444 5 17 76 170 0.447 4 18 80 180 0.444 4 19 84 190 0.442 3 20 87 200 0.435 7 21 94 210 0.448 9 22 103 220 0.468 8 23 111 230 0.483 6 24 117 240 0.488 4 25 121 250 0.484 3 26 124 260 0.477 27 6 130 270 0.481 3 28 133 280 0.475 4 29 137 290 0.472 7 30 144 300 0.480 3 31 147 310 0.474 8 32 155 320 0.484 5 33 160 330 0.485 3 34 163 340 0.479 2 35 165 350 0.471 5 36 170 360 0.472 5 37 175 370 0.473 5 38 180 380 0.474 4 39 184 390 0.472 6 40 190 400 0.475 7 41 197 410 0.480 5 42 202 420 0.481 7 43 209 430 0.486 6 44 215 440 0.489 5 45 220 450 0.489 4 46 224 460 0.487 6 47 230 470 0.489 8 48 238 480 0.496 6 49 244 490 0.498 6 50 250 500 0.500 5 51 255 510 0.500 5 52 260 520 0.500 3 53 263 530 0.496 6 54 269 540 0.498 7 55 276 550 0.502 6 56 282 560 0.504 7 57 289 570 0.507 4 58 293 580 0.505 6 59 299 590 0.507 60 2 301 600 0.502 Butts 7 X= No. of Successes Guess Probability of Successes Actual Number of Times Empirical Probability Computational Probability 0 0.035 0 0.000 0.000976563 1 0.125 0 0.000 0.009765625 2 0.075 4 0.067 0.043945313 3 0.115 8 0.133 0.1171875 4 0.095 13 0.217 0.205078125 5 0.13 11 0.183 0.24609375 6 0.085 11 0.183 0.205078125 7 0.095 9 0.150 0.1171875 8 0.11 3 0.050 0.043945313 9 0.09 1 0.017 0.009765625 10 0.045 0 0.000 0.000976563 Sums 1 60 1.000 1