What does the law of large numbers state about the mean,x̄ , of observed values, when the number of observations drawn at random from a population-with finite mean μ and variance σ-increases?

Question

Quizplus · Accepted Answer

The law of large numbers states that as the number of observations drawn at random from a population increases, the mean tends to get closer to the population mean. This means that option C is the correct choice. Options A and B are incorrect since the mean may fluctuate but ultimately converges to the population mean. Option D is incorrect as it is a combination of all options, where only option C is correct.

What Does the Law of Large Numbers State About the Mean,x̄