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Glossary Statistics / Term

Law of Large Numbers

The Law of Large Numbers says that in repeated, independent trials with the same probability p of success in each trial, the percentage of successes is increasingly likely to be close to the chance of success as the number of trials increases. More precisely, the chance that the percentage of successes differs from the probability p by more than a fixed positive amount, e > 0, converges to zero as the number of trials n goes to infinity, for every number e > 0. Note that in contrast to the difference between the percentage of successes and the probability of success, the difference between the number of successes and the expected number of successes, n×p, tends to grow as n grows. The following tool illustrates the law of large numbers; the button toggles between displaying the difference between the number of successes and the expected number of successes, and the difference between the percentage of successes and the expected percentage of successes. The tool on this page illustrates the law of large numbers.

Permanent link Law of Large Numbers - Creation date 2021-08-07


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