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The Law of Averages
Statistics Textbooks Boundless Statistics Describing, Exploring, and Comparing Data The Law of Averages
Statistics Textbooks Boundless Statistics Describing, Exploring, and Comparing Data
Statistics Textbooks Boundless Statistics
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Statistics
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What Does the Law of Averages Say?

The Law of Large Numbers

The Law of Large Numbers

This shows a graph illustrating the law of large numbers using a particular run of rolls of a single die. As the number of rolls in this run increases, the average of the values of all the results approaches 3.5. While different runs would show a different shape over a small number of throws (at the left), over a large number of rolls (to the right) they would be extremely similar.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Law of large numbers."
    http://en.wikipedia.org/wiki/Law_of_large_numbers Wikipedia GNU FDL.

Related Terms

  • expected value
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