Law of Large Numbers

GPTKB entity

Statements (31)
Predicate Object
gptkbp:instanceOf statistical theorem
gptkbp:alsoKnownAs gptkb:LLN
gptkbp:appliesTo random variables
independent and identically distributed variables
gptkbp:category mathematical law
probability law
gptkbp:consequence predictability in large samples
stabilization of frequencies
gptkbp:describedBy gptkb:Ars_Conjectandi
gptkbp:field gptkb:probability_theory
statistics
gptkbp:formedBy gptkb:Jacob_Bernoulli
1713
gptkbp:generalizes gptkb:Borel's_strong_law
https://www.w3.org/2000/01/rdf-schema#label Law of Large Numbers
gptkbp:implies sample averages approximate population mean
gptkbp:languageOfOrigin gptkb:Latin
gptkbp:provenBy Chebyshev
Kolmogorov
gptkbp:relatedTo gptkb:Chebyshev's_inequality
gptkb:Central_Limit_Theorem
gptkb:ergodic_theorem
gptkbp:state as the number of trials increases, the sample mean converges to the expected value
gptkbp:type gptkb:strong_law_of_large_numbers
gptkb:weak_law_of_large_numbers
gptkbp:usedIn gptkb:insurance
gambling
actuarial science
statistical inference
gptkbp:bfsParent gptkb:Monte_Carlo_Estimation
gptkbp:bfsLayer 8