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Yes. You are measuring the number of 'successes', x, (in this case the number of heads) out of a number of 'trials', n, (in this case coin tosses) that has an assumed probability, p, (in this case 50% expressed as 0.5) of happening. This phenomenon follows a binomial distribution. Apply the binomial distribution to evaluate whether the the probability of x success from n trials with probability p of occurring is within a pre-determined 'acceptable' limit. Let's say you observe 54 heads in 100 tosses and you wonder if the coin really is fair. From the binomial distribution, the probability of getting *exactly* 54 heads from 100 tosses (assuming that the coin *is* fair & should have 0.5 chance of landing on either side) is 0.0580 or 5.8%. Note that this is not the same probability as 54 heads *in a row*. Most statisticians would agree that 5.8% is too large and conclude that the coin is fair.

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