A market analyst on TV makes predictions such as saying that there is a 25% chance that the market will move up the next week. What do you think is the meaning of such a phrase? A basketball player...

A market analyst on TV makes predictions such as saying that there is a 25% chance that the market will move up the next week. What do you think is the meaning of such a phrase?

A basketball player who has missed his last seven consecutive shots then makes the game-winning shot. When speaking to reporters afterward, the player says he was very confident that last time because he knew he was “due to make a basket.” Comment on his statement.