Maximum Likelihood Estimation for Coin Tosses
Maximum Likelihood Estimation for Coin Tosses
This Demonstration estimates the probability that a biased coin will come up heads from a series of flips, using the maximum likelihood method. This method estimates from the peak of the plotted curve, which shows the relative likelihood of based on the number of heads observed in the series of flips. The shaded interval represents a 95% confidence interval for the probability. 95% of all confidence intervals constructed in this manner would contain the true value of .
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