Dear Community
Could someone help me out.
I keep reading that when you toss a coin 10 times if it comes up heads all 10 times then there is still a 50:50 chance that on the 11th toss it could be heads or tails because the probability is still the same.
However when I study the law of streaks it shows me that for a sample size of 11 where the probability is 50:50 that the percentage of getting an 11th head in a row is 0.05%.
In fact the law of streaks comes up with the following
a streak…