On a series of coin tosses,Oleg has correctly predicted heads or tails seven times in a row.In this instance,we can reasonably conclude that Oleg's predictive accuracy
A) defies the laws of statistical probability.
B) illustrates hindsight bias.
C) is inconsistent with the placebo effect.
D) is a random and coincidental occurrence.

Question

Quizplus · Accepted Answer

Oleg's success in predicting coin toss outcomes seven times in a row, while unlikely, is still a possible outcome in a random process like coin flipping. Each flip is independent, and the probability of guessing correctly does not change from toss to toss, making this a case of a random and coincidental occurrence rather than defying statistical laws, illustrating hindsight bias, or being related to the placebo effect.

On a Series of Coin Tosses,Oleg Has Correctly Predicted Heads