Which of the Following Is an Example of the Gambler's

question 44

Multiple Choice

Which of the following is an example of the gambler's fallacy?

• A)"I know the chances of winning the lottery are small,but someone has to win it,and I could be the one!"
• B)"I've gotten a low number the last eight times I've rolled the dice,so a high number is coming up soon!"
• C)"There's an equal chance for any team to win the league's championship."
• D)"The best strategy at the horse races is to bet in the same way that the crowd is betting."

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Definitions:

Order Receipt

The initial step in the order management process where a company formally acknowledges the receipt of a customer's order.

Physical Distribution

The activities involved in moving products from the manufacturing plants to the final customers, including warehousing and transportation.