What is another word for law of large numbers?

Pronunciation: [lˈɔː ɒv lˈɑːd͡ʒ nˈʌmbəz] (IPA)

The law of large numbers, which states that as a sample size increases, the average value of a random variable will approach its expected value, can also be referred to as the law of averages, the law of convergence, or the central limit theorem. These synonyms are commonly used in statistical analysis to describe the phenomenon where the values of a random sample will become more stable and predictable as the sample size increases. The law of averages is often used in games of chance to predict the likelihood of certain outcomes based on the statistical probability of past events, while the central limit theorem is used to explain the bell curve distribution of data sets.

Synonyms for Law of large numbers:

What are the hypernyms for Law of large numbers?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Law of large numbers?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with Law of large numbers

  • The law of small numbers is not really a law. It is a sarcastic name describing the misguided attempt to apply the law of large numbers when the numbers aren't large.
    Leonard Mlodinow
  • The engine driving the Kelly system is the "law of large numbers." In a 1713 treatise on probability, Swiss mathematician Jakob Bernoulli propounded a law that has been misunderstood by gamblers (and investors) ever since.
    William Poundstone

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