Updated 05-May-2020.
Mondo shtuff from around the internet, all about LAW OF AVERAGES!
My botty best at summarizing from Wikipedia: law of averages is the belief that a particular outcome or event will over certain periods occur at a frequency that is similar to its probability . as invoked in everyday life, the “law” usually reflects wishful thinking or law of averages typically assumes that unnatural short-term “balance” must occur . a wheel has no memory and its probabilities do not change according to past results . the probability that the next spin will be black lottery numbers which haven’t appeared recently are due to appear soon . in some locales, modern slot machines are rigged so they do give wins a certain proportion of the time . if a coin is flipped 100 times, there is only an 8% chance of it occurring . if the sample does not reflect the population, predictions based on the law of averages are even less useful . bob greene: there is no particular number of trials that guarantees the desired outcome . he says the probability that it will already have occurred approaches but never quite reaches 100% . the u.s. dropped the atomic