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(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.
I WILL GO WITH THE ANSWER OF MR.ALAMGIR,,, WHATEVER THE ANSWER IS ======= VERY GOOD QUESTION,,, APPRECIATED
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%
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%.
Good Day!!!
I will go with the answer of Mr. Vinod......
apparently it looks like the probability is (1/2)*(1/2)=1/4=25%.
Thanks for inviting me.many experts already give complete answer so I am agree with them and going with the same answer.Thanks.
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--
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.
A good explanation by Mr. Vinod. I agree with him.
In my point of view i do agree with the answer given by Mr.: Alamgeer hussain for sure
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
