Statistics: A Very Short Introduction (Very Short Introductions) by Hand David J

Author:Hand, David J. [Hand, David J.]
Language: eng
Format: epub
Publisher: Oxford University Press
Published: 2008-10-22T16:00:00+00:00

This observable property of nature is an example of one of the laws governing uncertainty. It is called the law of large numbers because of the fact that the proportion gets closer and closer to a particular value (a half in the cases of the fair coin and of babies’ gender) the more cases we consider. This law has all sorts of implications, and is one of the most powerful of statistical tools in taming, controlling, and allowing us to take advantage of uncertainty. We return to it later in this chapter, and repeatedly throughout the book.

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