Explain how the Law of Large Numbers combines with the General Definition

Calculus
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Explain how the "Law of Large Numbers" combines with the "General Definition" of Expected Value which uses an integral with limits of negative infinity to infinity.

Oct 27th, 2014

The law of large numbers states that in a very large number of trials the percentage difference between  observed value and the expected value  becomes zero. The observed value may be less (negative) or more (positive) giving rise to a normal distribution. Also remember any normal distribution can be standardized to a N(0,1).

Oct 27th, 2014

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