Q16: ‘Gambler’s Fallacy’ is the incorrect belief that the probability of a parti
ID: 3340155 • Letter: Q
Question
Q16: ‘Gambler’s Fallacy’ is the incorrect belief that the probability of a particular event changes after a series of the event has taken place.
Q17: ‘Mutually Exclusive Events’ is when the occurrence of one event has no effect on the probability of occurrence of the other.
Q18: The ‘Subjective View’ uses an analysis of possible outcomes to define probability
Q19: The probability of randomly guessing at the first three multiple choice questions on an exam, each of which has four possible answers, is 0.015625.
Q20: Flipping a coin repeatedly is a series of “Independent Events’
Explanation / Answer
Q16: ‘Gambler’s Fallacy’ is the incorrect belief that the probability of a particular event changes after a series of the event has taken place.
This statement is true.
Q17: ‘Mutually Exclusive Events’ is when the occurrence of one event has no effect on the probability of occurrence of the other.
This statement is false.
Mutually exclusive events mean if one event happens, other won't.
Q18: The ‘Subjective View’ uses an analysis of possible outcomes to define probability
False. Subjective view is dependent on opinion.
Q19: The probability of randomly guessing at the first three multiple choice questions on an exam, each of which has four possible answers, is 0.015625.
The probability of guessing at each question = 0.5.
=> Probability of guessing three questions = 0.5 * 0.5 * 0.5 = 0.0125.
The answer is false.
Q20: Flipping a coin repeatedly is a series of “Independent Events’
This statement is true as the outcome of each format is independent of other.
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