I've been flipping a quarter now for 5 minutes and it has always come up heads. What are the ODDS that it'll come up heads the next time?
I would tell you that it’s either a quarter with two heads or you’re lying to me.
If you flip a fair coin every 6 seconds the probability of coming up with all heads in 5 minutes is something like 10^-16 - next to impossible.
A fair quarter would have a 50% probability of coming up either heads or tails, regardless of what it’s previous flipping results were.
It’s independent of previous tosses.