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Two coins are simultaneously tossed. What is the probability of getting at least One head ? -- Please relate Marketing Strategy.

(if the outcome is either head or tail for the single coin in the experiment) Can you please relate this to the Marketing strategy need be adopted.

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تم إضافة السؤال من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
تاريخ النشر: 2014/08/31
zafar abbas minhas
من قبل zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

I WILL GO WITH THE ANSWER OF MR.ALAMGIR,,, WHATEVER THE ANSWER IS =======   VERY GOOD QUESTION,,, APPRECIATED

Vinod Jetley
من قبل Vinod Jetley , Assistant General Manager , State Bank of India

75%.

When two coins are tossed , then possible outcomes are : HH ; HT ; TT ; TH  Total possible outcomes =4  The outcomes in which one or more head occurs are : ​HT ; HH ; TH No. of favorable outcomes =3 required probability = no. of favourable outcomes/ total outcomes = 3/4 =75%

Rest you are quite good at, sir.

ALAMGEER HUSSAIN HASHMI
من قبل ALAMGEER HUSSAIN HASHMI , REGIONAL SALES & OPERATIONS MANAGER , Uth Healthcare Pvt., Ltd

There are4 Possible Outcomes with Two Coins Tossing that is  is TT,TH,HT,HH,which means one possibility is having zero heads Therefore the Probaility of this is1/4 that is25%.

Now taking heads as an indicator or selective parameter for the  the strategy I will not go by this strategy if the probability is25%.

Nasir Hussain
من قبل Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

Good Day!!!

I will go with the answer of Mr. Vinod......

Haseeb Khalid
من قبل Haseeb Khalid , Sales and Promotion Manager. , Medi Urge

apparently it looks like the probability is (1/2)*(1/2)=1/4=25%. 

Sara Naeem
من قبل Sara Naeem , Trainee Finance officer , Wah Brass Mill

Thanks for inviting me.many experts already give complete answer so I am agree with them and going with the same answer.Thanks.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

When One coin is tossed:  The outcome will be either Head or Tail :  Success peercentage:50%

When Two coins are tossed: There will be4 outcomes out of which 3 favours you and one for non-occurance--

as narrated by Mr. Vinod Jetly.

I may repeat his answer as follows:

 

75%.

When two coins are tossed , then possible outcomes are : HH ; HT ; TT ; TH  Total possible outcomes =4  The outcomes in which one or more head occurs are : ​HT ; HH ; TH No. of favorable outcomes =3 required probability = no. of favourable outcomes/ total outcomes = 3/4=75%

When you experiment with3 coins it will add to your success percentage......but experimenting with any number of coins the winning chance cannot exeed100%. That is the reason why I requested to relate the same to Marketing Strategy.....100% seems to be imaginary but success continues with your efforts. This is my  contention...difference of opinion happy to accept.

Thank you all for your efforts to answer the question and to extend a moral support with your valued response. 

Salauddin Mohammad
من قبل Salauddin Mohammad , Sr. Manager, Software Development , Aspen Technology Inc

A good explanation by Mr. Vinod. I agree with him.

hossam azzam
من قبل hossam azzam , Fast food restaurant,s manager. , alexandria-egypt

In my point of view i do agree with the answer given by Mr.: Alamgeer hussain for sure

Raafat Sallam
من قبل Raafat Sallam , Organizational Development and Training Consultant , Training Centers, Marketing Organizations.

It is1/4

We need to know the statistical analysis which help us in planning, forecasting, and determine the contingency plan.

Simply, without forecasting, we can not manage the future

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