We often hear the phrase "law of averages," whi
-ed to suggest
happen to compensate for short-term results. For example, if a baseba strikeouts in a row, a sports commentator might naively state, "He is gambling context, we might hear someone say, "The roulette wheel h because of the law of averages." The common usage of this phrase is long term applied to the short term. For this exercise, consider the tos
«Amazingly, suppose you get 10 heads on your first 10 tosses in front oi Ecoin 90 more times, and given the results of the first 10 tosses, how ma
Your friend responds, "50 heads since the coin is fair."
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Explain how your friend's incorrect answer most likely relates to t
The friend thinks that the "law of averages" applies to known
The friend's mistake is continuing to assume that the coin is fa and the friend isn't taking that into account when determining
The friend thinks the "law of averages" only works for the