the law of large numbers says that the mean outcome in many repetitions eventually gets close to the expected value.
the law of large numbers says that the mean outcome in many repetitions eventually gets close to the expected value.
the law of large numbers says that the mean outcome in many repetitions eventually gets close to?
the expected value
in probability theory, the expected value of a random variable, intuitively, is the long-run average value of repetitions of the same experiment it represents. for example, the expected value in rolling a six-sided die is 3.5, because the average of all the numbers that come up is 3.5 as the number of rolls approaches infinity (see for details). in other words, the law of large numbers states that the arithmetic mean of the values almost surely converges to the expected value as the number of repetitions approaches infinity. the expected value is also known as the expectation, mathematical expectation, ev, average, mean value, mean, or first moment.
expected value
arcedeckne inherited the property in jamaica from his father. benjamin cowell, arcedeckne's brother-in-law, was his business partner, arranging the insurance for sugar cargoes shipped to england from golden grove. as an absentee proprietor, arcedeckne also depended upon the jamaican estate attorney, simon taylor (sugar planter), who went on to become the wealthiest sugar planter in jamaica. as an attorney, taylor was arcedeckne's "most frequent client and correspondent".
chaloner arcedeckne