3. What is the law of large numbers? If you were using the relative frequency of an event to estimate the probability of the event, would it be better to use 100 trials of 500 trials? Explain.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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3. What is the law of large numbers? If you were using the relative frequency of an event
500
to estimate the probability of the event, would it be better to use 100 trials of
trials? Explain.
but probabilities
Transcribed Image Text:3. What is the law of large numbers? If you were using the relative frequency of an event 500 to estimate the probability of the event, would it be better to use 100 trials of trials? Explain. but probabilities
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