The Law of Large Numbers is a statistical theory that you readabout in this chapter. In your own words, what does this law sayabout the probability of an event? Perhaps you have also heard ofsomething called the Law of Averages (also called the Gambler'sFallacy). Do an Internet search to find out additional informationabout both of these laws.
Are these the same laws? If not, how are they related and howare they different?
What general misconceptions do people have regarding theseideas?
A batter who had failed to get a hit in seven consecutive timesat bat then hits a game-winning home run. When talking to reportersafterward, he says he was very confident that last time at batbecause he knew he was \"due for a hit.\"
