I have spun the roulette wheel 5 times in a row and each time I have landed on red. Which of the following statements reflects the "law of small numbers"?
A) Since red has occurred the last 5 times, then the roulette wheel is a on a "red streak" and red will most likely occur again.
B) Since red has occurred the last 5 times, then black is "overdue" and surely the next spin will result in black.
C) The probability of red occurring is the same regardless of the last 5 spins.
D) The probability of black occurring is the same regardless of the last 5 spins.
Correct Answer:
Verified
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