While I'm unsure what the word choices were, his claim is likely to be true.
Since he claims the probability of heads is 40%, that should be what we see in an experiment. 0.38 is very close to 0.40, or 40%, so this is true. Therefore his claim is likely to be true, and the probability of tails should be about 60%.
0.86= 86/100 this is because the 6 is in the hundredths place so the denominator is going to be 100<span />