Tag: probability

Mutually Exclusive Events: Understanding Exclusion in Probability

Mutually exclusive events cannot happen simultaneously. If one occurs, the other is…

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Gambler’s Fallacy Explained

The gambler's fallacy is the mistaken belief that past random events influence…

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Cogent Inductive Argument

A cogent inductive argument is a strong one where all premises are…

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Random Walk Theory

Random walk theory models a path consisting of a succession of random…

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