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Law of Large Numbers

A ‘law’ that attempts to formalize the intuitive notion of probability which assumes that if in n identical trials an event A occurs nA times, and if n is very large, then should 𝑛𝐴/𝑛 be near the probability of A. The formalization involves translating ‘identical trials’ as Bernoulli trials with probability 𝑝 of a success.

Law of Large Numbers

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