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Statistics in Data Science - Interview Questions
What is the Law of Large Numbers in statistics?
According to the law of large numbers, an increase in the number of trials in an experiment will result in a positive and proportional increase in the results coming closer to the expected value. As an example, let us check the probability of rolling a six-sided dice three times. The expected value obtained is far from the average value. And if we roll a dice a large number of times, we will obtain the average result closer to the expected value (which is 3.5 in this case).
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