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In Naked Statistics, Charles Wheelan explains: “A different kind of mistake occurs when events that are independent are not treated as such . . . If you flip a fair coin 1,000,000 times and get 1,000,000 heads in a row, the probability of getting heads on the next flip is still 1/2. The very definition of statistical independence between two events is that the outcome of one has no effect on the outcome of another.”
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Understanding probability will help you get a more correct picture of the world and help you make better decisions.
When two event are interconnected, the former happening increases or decreases the probability of the latter happening.
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