Author Question: Failing to consider the law of large numbers most likely results in errors concerning a. ... (Read 55 times)

audragclark · **on:** Jun 20, 2018

Failing to consider the law of large numbers most likely results in errors concerning

a. confirmation bias.
b. utility.
c. the falsification principle.
d. the representativeness heuristic.

Question 2

There are two gumball machines outside the local grocery store, one large machine and one small machine. Both machines have only yellow and orange gumballs, and each machine contains 50 percent of each color. For each coin, the large gumball machine dispenses 15 gumballs, while the small machine dispenses 5 . Tim is a young genius whose interests include probability and sound decision-making. His probability project of the day is to get a greater percentage of either of the colors, but not an equal amount of each color. Given this, and presuming Tim has only one coin,

a. he should use his coin in the large machine.
b. he should use his coin in the small machine.
c. it doesn't make a difference which machine he uses.
d. he should wait for other people to use the machines and see what they get.