Step 1: Understanding the Concept
This is a binomial probability problem. A fair coin toss is a Bernoulli trial where the probability of success (heads) $p = 1/2$ and the probability of failure (tails) $q = 1/2$. Step 2: Key Formula or Approach
The probability of $r$ successes in $n$ trials is given by:
\[ P(X = r) = \binom{n}{r} p^r q^{n-r} \]
Here, $n = 5$ and $r = 3$. Step 3: Detailed Explanation
1. Total number of outcomes = $2^n = 2^5 = 32$.
2. Number of ways to choose 3 heads out of 5 tosses:
\[ \binom{5}{3} = \frac{5 \times 4 \times 3}{3 \times 2 \times 1} = 10 \]
3. Probability:
\[ P(3 \text{ heads}) = \frac{10}{32} \] Step 4: Final Answer
The probability is \( \frac{10}{32} \).