👉 Share math, also known as the law of large numbers, is a fundamental concept in probability theory that describes how the average of the results obtained from a large number of trials will converge to the expected value as the number of trials increases. In simpler terms, it means that if you were to repeat an experiment many times, the average outcome will get closer and closer to the predicted or expected result. For example, if you roll a fair six-sided die many times, the average of all your rolls will tend to approach 3.5, which is the expected value based on the probabilities of each face landing up. This concept is crucial in fields like statistics, finance, and insurance, where predicting long-term averages from a large dataset is essential.
