24 - Probability - Law of Large Numbers

How unusual must the observed results be in order to be considered statistically significant?

Practice

Chapter 14 # 5,6,7,8, Read pages 324-327

Vocabulary

trial, outcome, event, sample space, law of large numbers, empirical probability, theoretical probability

Study Questions

1. What does the law of large numbers say?
2. What is the “hot-hand” phenomenon?
3. What are some reasons why some people believe in the false “law of averages”?

Resources

1. Slide Deck: 24-Probability-Law-of-large-numbers.pdf