Solved: How can alice and bob use the biased coin to make a decision, Econometrics

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How can alice and bob use the biased coin to make a decision

Problem

Alice and Bob want to choose between the opera and the movies by tossing a fair coin. Unfortunately. The only available coin is biased (though the bias is not known exactly). How can they use the biased coin to make a decision so that option (opera or the movies is equally likely to be chosen?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: How can alice and bob use the biased coin to make a decision

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