Probability Concepts

1 words in this vocabulary list

noun a word that refers to a person, place, thing, event, substance, or quality

adjective a word that describes or gives more information about a noun

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

article a word that is used to indicate whether a noun is specific or unspecific

  • The law of large numbers, a fundamental concept in probability theory, states that as the number of trials increases, the experimental probability of an event approaches the theoretical probability.
  • So basically, the law of large numbers says that the more times you try something, the closer your results will get to the expected outcome.
  • The law of large numbers is like saying the more you do something, the more likely you are to get the result you're aiming for.
  • In life, the law of large numbers is like saying the more chances you take, the higher your chances of success become.