The Law of Averages
The Law of Averages is a layman's term used to describe the belief that the results of any given event "work out" or "even out" over a set of trials in the short run.
The LoA's assumes that balance will always occur within a small sample.
Essentially, it is the belief that a rare occurrence will happen given enough time and is similar to the shotgun effect
The LoA's assumes that balance will always occur within a small sample.
Essentially, it is the belief that a rare occurrence will happen given enough time and is similar to the shotgun effect
1) If you flip a coin 10 times, the Law of Averages states that 5 flips will be heads, and the other 5 flips will be tails.
2) If you apply to enough Universities, the Law of Averages states that you will eventually get into atleast one.
2) If you apply to enough Universities, the Law of Averages states that you will eventually get into atleast one.
The Law of Averages by JrBalrog January 2, 2012
