Problem Analysis:
We need to determine the probability that the coin is fake based on the evidence of two heads. We can compare the relative "frequency" of getting two heads from the fake coin versus the regular coins.
Step 1: Calculate the "Weight" of the Fake Coin Outcome
Suppose we perform this experiment 100 times. In 20 instances ($1/5$), we pick the fake coin. Since it is two-headed, it always produces two heads. Successful "Two Head" outcomes from fake coin: $1/5 \times 1 = \mathbf{1/5}$
Step 2: Calculate the "Weight" of the Regular Coin Outcomes
In 80 instances ($4/5$), we pick a regular coin. The probability of a regular coin yielding two heads in a row is $(1/2)^2 = 1/4$. Successful "Two Head" outcomes from regular coins: $4/5 \times 1/4 = \mathbf{1/5}$
Step 3: Compare Relative Frequencies
The total "pool" of ways to get two heads is the sum of the weights from both paths: $\text{Total weight} = \frac{1}{5} \text{ (from fake)} + \frac{1}{5} \text{ (from regular)} = \frac{2}{5}$
The probability that the coin is fake is simply the fake coin's contribution divided by the total pool: $P(\text{Fake} \mid \text{2 Heads}) = \frac{\text{Fake Weight}}{\text{Total Weight}} = \frac{1/5}{2/5}$
Final Answer:
$P(\text{Fake} \mid \text{2 Heads}) = \frac{1}{2} = \mathbf{0.50}$