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As You Enter the Bank, You Watch Four Persons in Front

Question 11

Essay

As you enter the bank, you watch four persons in front of you all win $50. The local branch manager tells you how lucky you are to be throwing the ball while it is on a hot streak but the friend with you says that you're unlucky because the streak can't continue. Comment on their statements.

Correct Answer:

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The tosses are independent. So...

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