Law of large numbers

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Law of Large Numbers
principle which determines that as the trial group grows larger the results will get more statistically reliable (in Probability)


Wikipedia English The Free EncyclopediaDownload this dictionary
Law of large numbers
The law of large numbers (LLN) is a theorem in probability that describes the long-term stability of a random variable. Given a sample of independent and identically distributed random variables with a finite population mean and variance, the average of these observations will eventually approach and stay close to the population mean.
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WordNet 2.0 DictionaryDownload this dictionary
law of large numbers
Noun
1. (statistics) law stating that a large number of items taken at random from a population will (on the average) have the population statistics
(synonym) Bernoulli's law
(hypernym) law, law of nature
(classification) statistics


Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Law of large numbers
The mean of a random sample approaches the mean (expected value) of the population as the sample grows.

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