Statistics is a field of mathematics and logic that tackles problems and makes predictions by analyzing, organizing, and interpreting data.








Past Outcomes of Random Events Affect Future Outcomes Myth

Past results of random independent events, like a coin flip, don’t affect future results. The mistaken belief that past results affect future results is known as “the Gambler’s Fallacy” (AKA the Fallacy of the Maturity of Chances, or the Monte Carlo Fallacy).