You've Been Rolling a Die for the Last Five Minutes

question 201

Multiple Choice

You've been rolling a die for the last five minutes, and you haven't rolled a 6 even once. Which of the following are you using if you predict that the results of the next roll are independent of all other rolls?

• A)availability heuristic
• B)laws of probability
• C)representativeness heuristic
• D)gambler's fallacy

---

Definitions:

Tax

A binding monetary impost or other form of levy exacted upon a taxpayer by a governmental unit to finance the operation of the government and various public services expenses.

Sellers Receive

The amount of money that sellers are paid for their goods or services, after accounting for costs and expenses.

Tax Imposed

A compulsory financial charge or some other type of levy placed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.

Consumer Surplus

The gap between what a consumer is prepared to spend on a good or service and the price they actually end up paying.