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In: Statistics and Probability

An explanation of how your example demonstrates three of the following concepts related to statistical probability....

  1. 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

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