The _____ Is the Belief That a String of Losses

question 56

Multiple Choice

The _____ is the belief that a string of losses in the past will be compensated by wins in the future.

• A)law of large numbers
• B)gambler's bet
• C)gambler's fallacy
• D)winning wager

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Definitions:

Mean

The average value of a set of numbers, calculated by summing them up and dividing by the count of numbers.

Normally Distributed

A type of distribution in statistical theory where data is symmetrically distributed around a mean value, resembling a bell curve.

Independent

Not influenced or controlled by others; in statistics, refers to variables that are not affected by the changes in other variables.

Normal Distribution

A bell-shaped frequency distribution curve that is symmetric around its mean, describing how values of a variable are dispersed or spread.