ORIGINAL: Cad908
The "poorly written formula" you describe is a pretty simple probability distribution not unlike flipping a coin twice. The expected outcomes from that experiment are:
25% TWO Heads
25% TWO Tails
50% ONE Head and ONE Tail
because each event (Head or Tail) has a 50% probability. I hope we can agree on that.
I have posted several times in this forum, though in different threads. My profession is corporate finance so I do not write software for a living. Though, for the life of me, I cannot see what that has to do with the probability distribution we have been discussing. Also, for what it is worth, I have been beta testing MWiF during the last 2 1/2 years.
Just in case your sleep might be disturbed by the Stanford study cited some posts above, on the dynamics of a flying coin, I anticipate you the conclusions of that said study: "For tossed coins, the classical assumptions of independence with probability 1/2 are pretty solid" (page 27).
It is a pleasure to confirm the correctness of your calculations.