
Why do people flip coins to resolve disputes? It usually happens when neither of two sides wants to compromise with the other about a particular decision. They choose the coin to be the unbiased agent that decides whose way things are going to go. The coin is an unbiased agent because the two possible outcomes of the flip (heads and tails) are equally likely to occur.

The inverse problem is fundamentally related to the subject of causality. Think about a scenario…
The concept of a sample space is fundamental to probability theory. It is the set of all possibilities (or possible outcomes) of some uncertain process.
If you ever came across Bayes’ theorem, chances are you know it’s a mathematical theorem. This theorem has a central role in probability theory. It’s most commonly associated with using evidence for updating rational beliefs in hypotheses.