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Law of Large Numbers Explained

The law of large numbers describes how the average result of repeating the same experiment numerous times will tend to equal the expected value. It states that as more trials of an experiment are conducted, the average of the results will become closer to the expected value. The law explains that averaging multiple trials of a random process will result in a value close to the theoretical average.

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Nikhar Kavdia
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6 views1 page

Law of Large Numbers Explained

The law of large numbers describes how the average result of repeating the same experiment numerous times will tend to equal the expected value. It states that as more trials of an experiment are conducted, the average of the results will become closer to the expected value. The law explains that averaging multiple trials of a random process will result in a value close to the theoretical average.

Uploaded by

Nikhar Kavdia
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

In probability theory, the law of large numbers (LLN) is a theorem that describes the result of

performing the same experiment a large number of times. According to the law, the average of the
results obtained from a large number of trials should be close to the expected value, and will tend to
become closer as more trials are performed.

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