The law of large numbers is easy to understand. Without going into math theory, we will simply explain this law as a way to determine an expected and probable outcome of a random event. There are many examples of what makes a random outcome, whether you flip a coin, roll a dice or even play roulette. These are just some of the examples.
Yet, in each case, the law of large numbers applies as it tells you that the more you try, the closer you come to the expected probable outcome. In other words, you have a 50% chance to end Heads or Tails off a coin toss. However, if you flipped a coin 10 times, the results may end up favoring one side more so than the other.
Yet, in each case, the law of large numbers applies as it tells you that the more you try, the closer you come to the expected probable outcome. In other words, you have a 50% chance to end Heads or Tails off a coin toss. However, if you flipped a coin 10 times, the results may end up favoring one side more so than the other.
