Please review and answer the question. The Law of Large Numbers means that as th

Question

Please review and answer the question.

The Law of Large Numbers means that as the number of observations of an event becomes larger, the running mean of the relative frequency of the event appears to settle down to a constant value, the probability of the event. You have just flipped a fair coin 7 times getting all heads.

Does the coin owe you a tail? Although the mythical Law of Averages predicts you are due for a tail, no, the probability of a head on the next toss hasn't changed. Is a good hitter in baseball who has struck out the last six times due for a hit his next time up?

a. Yes the hitter is due for a hit. This is an example of the Law of Averages

b. This is an example of the so-called Law of Averages. No, the hitter is not due for a hit because the Law of Averages is non-existent and doesn't predict anything.

c. Yes, the hitter is due for a hit. This is an example of the Law of Large Numbers

d. The Law of Large Numbers predicts the hitter is not due for a hit.

Explanation / Answer

B) This is an example of the so-called law of averages. No, the hitter is not due for a hit because the Law of Averages is non-existent and doesnt predict anything.

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