Subjectively it
seems reasonable to state that a fair coin would have just
as much chance of giving the outcome heads in an experiment
as tails, but this is not exactly confirmed by the Experimental
probability values which range from 0.41 to 0.58. However
the median value is 0.49 and this is very close to the Theoretical
probability value of 0.5.
Repeating the
experiment would give more data, however the Subjective estimate
would remain the same because the data so far does not give
good reason to assume that the coin is baised. Another
experiment would give another value for the median since in
a random experiment like this it is unlikely to replicate
the same 20 values. The Theoretical probability value
would also remain constant.
It has to be also
remembered that the results from the computer simulation
only model the physical event of tossing a coin by use of
the random number generator and so rest on the assumption
that the computer has been programmed to do this
authentically.
