A telemarketer is almost through with her entire shift,and she has not made a single sale.Her manager says that she has a good chance of making a sale on her last few phone calls because she is due.Is her manager right?
A)No,because the Probability Assignment Rule applies in the long-run,not in the short-run.
B)Yes,because the Law of Averages is valid for independent events.
C)No,because there is no Law of Large Numbers for independent events.
D)Yes,because the Law of Large Numbers is valid for independent events.
E)No,because there is no Law of Averages for independent events.

Question

Quizplus · Accepted Answer

The Law of Averages is a misconception; independent events do not influence each other, so past performance does not affect future outcomes.

A Telemarketer Is Almost Through with Her Entire Shift,and She