Mathematics, 14.04.2020 20:03, alayciaruffin076

Many everyday decisions, like who will drive to lunch or who will pay for the coffee, are made by the toss of a (presumably fair) coin and using the criterion "heads, you will; tails, I will." This criterion is not quite fair, however, if the coin is biased (perhaps due to slightly irregular construction or wear). John von Neumann suggested a way to make perfectly fair decisions, even with a possibly biased coin. If a coin, biased so that P(x)equals 0.4700 and P(t)equals 0.5300, is tossed twice, find the probability

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Many everyday decisions, like who will drive to lunch or who will pay for the coffee, are made by th...