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Suppose a coin is flipped 20 times. The first 19 flips are all heads. Is the last flip more likely to be heads, more likely to be tails, or equally likely to be heads or tails? According to gambler's fallacy, players ____.
Significance
Refers to the measure of how likely it is that an observed difference between groups is due to chance.
Critical Value
A threshold in hypothesis testing that defines the boundary beyond which the null hypothesis is rejected, based on the chosen significance level.
Regression Model
A statistical approach for estimating the relationships among variables.
Independent Variables
Variables in an experiment or model that are manipulated to observe their effect on dependent variables.
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