For the empirical probability of roulette outcomes to approach the theoretical probability, the number of trials has to be approaching infinity. This is also known as:
A) The gambler's fallacy
B) The law of large numbers
C) The universal set
D) Inferential statistics

Question

Quizplus · Accepted Answer

The law of large numbers states that as the number of trials increases, the empirical probability of an event will approach the theoretical probability. This means that with a larger sample size, the results become more reliable and closer to what is expected. The other options (A, C, and D) are not relevant to this concept.

For the Empirical Probability of Roulette Outcomes to Approach the Theoretical