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Similar experiments with coins, dice, and roulette wheels reinforce the main idea. Repeating a series of trials will produce similar, but not identical, results for each series. This phenomenon is called statistical regularity. The same idea occurs in Games Of Chance , Demographic Statistics , Quality Control of a manufacturing process, and in many other parts of our lives. Observations of this phenomenon provided the initial motivation for the concept of what is now known as Frequency Probability . This phenomenon should not be confused with the Gambler's Fallacy . |
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