law of averages
Date: 1874 the commonsense observation that probability influences everyday life so that over the long term the possible outcomes of a repeated event occur with specific frequencies

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • law of averages — ► NOUN ▪ the supposed principle that future events are likely to turn out so that they balance any past deviation from a presumed average …   English terms dictionary

  • law of averages — n. the popularly held supposition that a possible event can be expected to occur with a frequency at or near its probability …   English World dictionary

  • Law of averages — The law of averages is a lay term used to express a belief that outcomes of a random event shall even out within a small sample.As invoked in everyday life, the law usually reflects bad statistics or wishful thinking rather than any mathematical… …   Wikipedia

  • law of averages — noun a) 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. ... as they will not have sufficient distribution of risk to permit the law of averages to …   Wiktionary

  • law of averages — {n. phr.} The idea that you can t win all the time or lose all the time. * /The Celtics have won 10 games in a row but the law of averages will catch up with them soon./ …   Dictionary of American idioms

  • law of averages — {n. phr.} The idea that you can t win all the time or lose all the time. * /The Celtics have won 10 games in a row but the law of averages will catch up with them soon./ …   Dictionary of American idioms

  • law\ of\ averages — n. phr. the idea that you can t win all the time or lose all the time. The Celtics have won 10 games in a row but the law of averages will catch up with them soon …   Словарь американских идиом

  • law of averages — law′ of av′erages n. 1) cvb sta a statistical principle formulated by Jakob Bernoulli to show a more or less predictable ratio between the number of random trials of an event and the outcomes that result 2) cvb sts the principle that, in the long …   From formal English to slang

  • law of averages — noun a law affirming that in the long run probabilities will determine performance • Hypernyms: ↑law, ↑law of nature …   Useful english dictionary

  • law of averages — Synonyms and related words: accidentality, actuarial calculation, adventitiousness, break, casualness, chance, destiny, fate, flukiness, fortuitousness, fortuity, fortune, gamble, good fortune, good luck, hap, happenstance, happy chance, heedless …   Moby Thesaurus

  • law of averages — 1. a statistical principle formulated by Jakob Bernoulli to show a more or less predictable ratio between the number of random trials of an event and its occurrences. 2. Informal. the principle that, in the long run, probability as naively… …   Universalium

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