What is the importance of large number?
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According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. The LLN is important because it guarantees stable long-term results for the averages of some random events......Large numbers are numbers that are significantly larger than those ordinarily used in everyday life, for instance in simple counting or in monetary transactions. The term typically refers to large positive integers, or more generally, large positive real numbers, but it may also be used in other contexts......
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According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. The LLN is important because it guarantees stable long-term results for the averages of some random events......Large numbers are numbers that are significantly larger than those ordinarily used in everyday life, for instance in simple counting or in monetary transactions. The term typically refers to large positive integers, or more generally, large positive real numbers, but it may also be used in other contexts......
Hope it will help you.......
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The law of large number also called LLN..
IS a theorem that describes the result of performing the same experiment a large number of times. ... The LLN is important because it guarantees stable long-term results for the averages of some random events...
Hope this helps you out!!
IS a theorem that describes the result of performing the same experiment a large number of times. ... The LLN is important because it guarantees stable long-term results for the averages of some random events...
Hope this helps you out!!
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