Write a script called coinTest.m to simulate sequentially flipping a coin 5000 times. Keep track of every time you get 'heads' and plot the running estimate of the probability of getting 'heads' with this coin. Plot this running estimate along with a horizontal line at the expected value of 0.5, as below. (useful functions: rand, round, cumsum).

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3. Write a script called coinTest.m to simulate sequentially flipping a coin 5000 times.
Keep track of every time you get 'heads' and plot the running estimate of the
probability of getting 'heads' with this coin. Plot this running estimate along with a
horizontal line at the expected value of 0.5, as below. (useful functions: rand, round,
cumsum).
Sample Probability of Heads in n flips of a simulated coin
- Sample Probability
Fair coin
0.7
0.6
0.5
0.2
0.1
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Number of coin flips
Probablity of heads
Transcribed Image Text:3. Write a script called coinTest.m to simulate sequentially flipping a coin 5000 times. Keep track of every time you get 'heads' and plot the running estimate of the probability of getting 'heads' with this coin. Plot this running estimate along with a horizontal line at the expected value of 0.5, as below. (useful functions: rand, round, cumsum). Sample Probability of Heads in n flips of a simulated coin - Sample Probability Fair coin 0.7 0.6 0.5 0.2 0.1 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 Number of coin flips Probablity of heads
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