Dead cats bouncing—statistically speaking
I know that I learned in college that even if you’ve just flipped a coin 10 times and it came out heads each time, the next time you flip, it still has a 50-50 or 50% chance of being heads again. My gut refuses that logic and wants to believe it’s something like a 90% chance it will be tails. It’s as if I started out saying, what are the chances of getting heads 11 times in a row. That likelihood is only 0.05%. So my gut wants to believe it’s even 99.5% chance it will be tails next.
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Source:: http://fleetowner.com/fleet-management/dead-cats-bouncing-statistically-speaking
