Which of the following statements is true about the "law of large numbers" (LLN)?
A)If you repeat a random experiment many, many times, your outcomes should on average approach the theoretical average.
B)If you repeat a random experiment many, many times, your outcomes should be a unique value that is separate from the theoretical average.
C)If you simulate or conduct an experiment or simulation enough times the empirical probability observed will always match the theoretical probability that is expected.
D)If an experiment with a random outcome is repeated a large number of times, the empirical probability that is observed is consistently different from the theoretical probability.

Question

Quizplus · Accepted Answer

The law of large numbers states that as the number of trials of a random experiment increases, the average of the results obtained from those trials is likely to get closer to the expected value, or theoretical average.

Which of the Following Statements Is True About the "Law