law of averages
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English
Noun
- (statistics) The statistical tendency toward a fixed proportion in the results when an experiment is repeated a large number of times; the law of large numbers.
- 1919, William David Winter, Marine Insurance: Its Principles and Practice, McGraw-Hill, page 96:
- ... as they will not have sufficient distribution of risk to permit the law of averages to play its part and a severe total loss may ...
- 1971, Russell Langley, Practical Statistics Simply Explained, Courier Dover Publications, →ISBN, page 22:
- Second Law - The Law of Averages. Whenever something (such as throwing a die) can have more than one result, if all the possible results have an equal chance ...
- 1986, Geoffrey Grimmett, Dominic Welsh, Probability: An Introduction, OUP, →ISBN, page 124:
- It is upon the ideas of 'repeated experimentation' and the law of averages that many of our notions of chance are founded.
- (informal) An imaginary or perceived "law" of probabilities which is wrongly used to predict results in the short-term.
- This coin has landed on heads ten times, so by the law of averages it must land on tails next time.
Translations
statistical tendency
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See also
law of large numbers on Wikipedia.Wikipedia
