ALL meanings of law of averages
law of averages
L l - noun law of averages probability 1
- noun law of averages a statistical principle formulated by Jakob Bernoulli to show a more or less predictable ratio between the number of random trials of an event and its occurrences. 1
- noun law of averages Informal. the principle that, in the long run, probability as naively conceived will operate and influence any one occurrence. 1
- noun law of averages (statistics) The statistical tendency toward a fixed proportion in the results when an experiment is repeated a large number of times; the law of large numbers. 0
- noun law of averages (Informal) An imaginary or perceived "law" of probabilities which is wrongly used to predict results in the short-term. 0
- phrase law of averages The law of averages is the idea that something is sure to happen at some time, because of the number of times it generally happens or is expected to happen. 0
- noun law of averages (popularly) the expectation that a possible event is bound to occur regularly with a frequency approximating to its probability, as in the (actually false) example 0
- noun law of averages the popularly held supposition that a possible event can be expected to occur with a frequency at or near its probability 0