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In: Statistics and Probability

The Law of Large Numbers is a statistical theory that you read about in this chapter....

The Law of Large Numbers is a statistical theory that you read about in this chapter. In your own words, what does this law say about the probability of an event? Perhaps you have also heard of something called the Law of Averages (also called the Gambler's Fallacy). Do an Internet search to find out additional information about both of these laws.

Are these the same laws? If not, how are they related and how are they different?

What general misconceptions do people have regarding these ideas?

A batter who had failed to get a hit in seven consecutive times at bat then hits a game-winning home run. When talking to reporters afterward, he says he was very confident that last time at bat because he knew he was "due for a hit."

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orchestra answered 1 year ago
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