Law Of Averages (noun) Definition, Meaning & Examples

noun
  1. 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.
  2. the principle that, in the long run, probability as naively conceived will operate and influence any one occurrence.
noun
  1. (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
Law Of Averages (noun) Definition, Meaning & Examples

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