What is another word for law-averages?

Pronunciation: [lˈɔːˈavɹɪd͡ʒɪz] (IPA)

The term "law-averages" refers to the principle of insurance that is based on the law of large numbers. However, there are several other terms that can be used interchangeably with this term. These synonyms include statistical expectations, deviation from the norm, risk assessment, standard deviation, frequency distribution, normal distribution, and actuarial statistics. These terms are used in the insurance industry to analyze and forecast the risk and potential costs associated with a particular policy or program. By understanding the synonyms for "law-averages," insurance industry professionals can better communicate and understand the complex concepts associated with risk management.

Synonyms for Law-averages:

What are the hypernyms for Law-averages?

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

Word of the Day

Fippenny bit
"Fippenny bit" is a term used in British English to describe a small, old-fashioned coin worth two pennies. As "fippenny bit" is a relatively uncommon word, there are not many anto...