Law of Large Numbers

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Sample mean converges to expected value.

Full Definition

Sample mean converges to expected value.

Keywords

convergence

Domains

Probability & Statistics

Related Terms

Central Limit Theorem related to

Sum of independent variables converges to normal distribution.

 Likelihood Function related to

Probability of data given parameters.

 Posterior Distribution related to

Updated belief after observing data.

 Prior Distribution related to

Belief before observing data.

 Expectation related to

Average value under a distribution.

 Variance related to

Measure of spread around the mean.

 Covariance related to

Measures joint variability between variables.

 Correlation related to

Normalized covariance.

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