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In your own words, explain the law of large numbers.
Chapter 12, Problem 887(choose chapter or problem)
QUESTION:
In your words, explain the law of large numbers.
Questions & Answers
QUESTION:
In your words, explain the law of large numbers.
ANSWER:Step 1 of 2
Law of Large Numbers:
In probability, the law of large numbers states that if the number of experiments is increased then the empirical probability gets closer to the actual probability.
It means that if the same experiments are repeated again and again then the chance of empirical probability gets closer and closer to the theoretical probability.