This phenomenon refers to a probability experiment being carried out more and more times so that the recorded results get close to theoretical probability.
A)The law of averages.
B)The law of likelihood.
C)The law of large numbers.
D)A law of small numbers.

Question

Quizplus · Accepted Answer

The law of large numbers states that as an experiment is repeated more and more times, the observed frequency of an event will converge to its theoretical probability. This phenomenon is also known as the law of averages. Therefore, option A is incorrect. The law of likelihood is a principle in statistical inference that states the evidence should be evaluated in favor of the hypothesis that is most likely to have produced the observed data. Therefore, option B is incorrect. A law of small numbers does not exist in probability theory. Therefore, option D is incorrect.

This Phenomenon Refers to a Probability Experiment Being Carried Out