In: Statistics and Probability
An explanation of how your example demonstrates three of the
following concepts related to statistical probability....
- An explanation of how your example demonstrates three of the
following concepts related to statistical probability.
- Relative Frequency
- Likelihood of error
- “Over the long run”
- Random sampling
- Representative sample
- Random or chance events
- Confidence that an event will occur the next time
- Gambler’s fallacy
- Probability distribution