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Question
- define the law of large numbers in your own words.
The Law of Large Numbers is a principle in probability and statistics. It states that as the number of trials or observations in a random experiment increases, the average of the results obtained from those trials will get closer and closer to the expected value. For example, if you flip a fair coin many times, the proportion of heads will approach 0.5 (the expected value for getting heads in a single fair - coin flip) as the number of flips (trials) becomes very large.
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The Law of Large Numbers states that as the number of trials in a random experiment increases, the average of the outcomes approaches the expected value.