###### Asked in Liability InsuranceMath and ArithmeticStatisticsNumerical Analysis and Simulation

Liability Insurance

Math and Arithmetic

Statistics

Numerical Analysis and Simulation

# What is law of large numbers?

## Answer

###### Wiki User

###### July 07, 2007 9:09AM

when a probability experiment is repeated a large number of times, the relative frequency probability of an outcome will approach its theoretical probability.

## Related Questions

Load More