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What Is The Law Of Large Numbers? |
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Answer» It is a theorem that describes the result of performing the same experiment a LARGE number of times. This theorem forms the BASIS of frequency-style thinking. It says that the sample mean, the sample variance and the sample STANDARD deviation converge to what they are trying to ESTIMATE. It is a theorem that describes the result of performing the same experiment a large number of times. This theorem forms the basis of frequency-style thinking. It says that the sample mean, the sample variance and the sample standard deviation converge to what they are trying to estimate. |
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