law of averages

GPTKB entity

Statements (13)
Predicate Object
gptkbp:instanceOf statistical analysis
gptkbp:appliesTo random events
gptkbp:compatibleWith mathematical law
gptkbp:criticizedFor misleading interpretation
gptkbp:describes expected outcomes over many trials
https://www.w3.org/2000/01/rdf-schema#label law of averages
gptkbp:implies outcomes will even out in the long run
gptkbp:notToBeConfusedWith gptkb:law_of_large_numbers
gptkbp:oftenMisunderstoodAs guarantee of outcomes
gptkbp:relatedTo gptkb:probability_theory
gptkbp:usedIn everyday language
gptkbp:bfsParent gptkb:weak_law_of_large_numbers
gptkbp:bfsLayer 7