law of large numbers
Date: 1911 a theorem in mathematical statistics: the probability that the absolute value of the difference between the mean of a population sample and the mean of the population from which it is drawn is greater than an arbitrarily small amount approaches zero as the size of the sample approaches infinity

New Collegiate Dictionary. 2001.

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  • Law of large numbers — The law of large numbers (LLN) is a theorem in probability that describes the long term stability of the mean of a random variable. Given a random variable with a finite expected value, if its values are repeatedly sampled, as the number of these …   Wikipedia

  • law of large numbers — Math. the theorem in probability theory that the number of successes increases as the number of experiments increases and approximates the probability times the number of experiments for a large number of experiments. [1935 40] * * * ▪ statistics …   Universalium

  • law of large numbers — noun (statistics) law stating that a large number of items taken at random from a population will (on the average) have the population statistics • Syn: ↑Bernoulli s law • Topics: ↑statistics • Hypernyms: ↑law, ↑ …   Useful english dictionary

  • Law Of Large Numbers — In statistical terms, a rule that assumes that as the number of samples increases, the average of these samples is likely to reach the mean of the whole population. When relating this concept to finance, it suggests that as a company grows, its… …   Investment dictionary

  • law of large numbers — didžiųjų skaičių dėsnis statusas T sritis fizika atitikmenys: angl. law of large numbers vok. Gesetz der großen Zahlen, n rus. закон больших чисел, m pranc. loi des grands nombres, f …   Fizikos terminų žodynas

  • law of large numbers — law′ of large′ num′bers n. math. the theorem in probability theory that the number of successes increases as the number of experiments increases and approximates the probability times the number of experiments for a large number of experiments •… …   From formal English to slang

  • law of large numbers — noun The statistical tendency toward a fixed ratio in the results when an experiment is repeated a large number of times; law of averages …   Wiktionary

  • Law of large numbers — The mean of a random sample approaches the mean ( expected value) of the population as the sample grows. The New York Times Financial Glossary …   Financial and business terms

  • law of large numbers — The mean of a random sample approaches the mean ( expected value) of the population as sample size increases. Bloomberg Financial Dictionary …   Financial and business terms

  • law of large numbers — any of several theorems dealing with the convergence of the sample average to the population mean as the sample size is increased …   Medical dictionary

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