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The Law of Large Numbers and the Mean

25 April, 2016 - 11:27
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The Law of Large Numbers says that if you take samples of larger and larger size from any population, then the mean \bar{x} of the sample is very likely to get closer and closer to µ. This is discussed in more detail in The Central Limit Theorem.

Note: The formula for the mean is located in the Summary of Formulas section course.