Final answer:
The probability setting described is an example of a random event. Each flip of the coin is an independent event with a 50% chance of landing on heads.
Step-by-step explanation:
The probability setting described is an example of a random event. When a man flips a coin repeatedly until he obtains a heads, each flip is an independent event with a 50% chance of landing on heads. The probability of getting heads on any given flip does not change based on previous flips, so the outcome is unpredictable and random.