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Law of averages
The statistical tendency toward a fixed proportion in the results when an experiment is repeated a large number of times; the law of large numbers.
📖 Definitions of "Law of averages"
noun
- 1
The statistical tendency toward a fixed proportion in the results when an experiment is repeated a large number of times; the law of large numbers.
- 2
An imaginary or perceived "law" of probabilities which is wrongly used to predict results in the short-term.
"This coin has landed on heads ten times, so by the law of averages it must land on tails next time."
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