Answer: 0.49:0.51
Let F be the event that the chosen coin is fake, and R be the event that it is regular. The prior probabilities are:
P(F)P(R)=51=0.2=54=0.8Let H2 be the event of getting two heads in two tosses. The conditional probabilities are:
P(H2∣F)P(H2∣R)=12=1=(0.5)2=0.25Using Bayes' theorem, we find the posterior probability that the chosen coin is fake given that we observed two heads:
P(F∣H2)=P(H2∣F)P(F)+P(H2∣R)P(R)P(H2∣F)P(F)=(1×0.2)+(0.25×0.8)1×0.2=0.2+0.20.2=0.40.2=0.5Thus, the probability that the chosen coin is fake is 0.5 (or 0.50).