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Solution: The number of favorable outcomes corresponds to the number of ways we can arrange two heads (H) and three tails (T) in a sequence of five coin flips. This can be calculated using the binomial coefficient formula, also known as "n choose k".
The binomial coefficient formula is given by:
\frac{n!}{(k!(n-k)!)}
where n is the total number of trials (in this case, the number of coin flips) and k is the number of successful outcomes (in this case, the number of heads).
Using this formula, we can calculate the number of favorable outcomes:
Favorable outcomes = \frac{5!}{(2!(5-2)!)} = \frac{5!}{(2!3!)} = \frac{(5 * 4) }{(2 * 1)} = 10
The total number of possible outcomes is given by 2 to the power of the total number of trials, since each coin flip has two possible outcomes (head or tail):
Total possible outcomes = 2^{5} = 32
Therefore, the probability of getting exactly two heads and three tails is:
Probability = (Number of favorable outcomes) / (Total number of possible outcomes) = \frac{10}{32} = \frac{5}{16}
So, the probability is 5/16.