líkindalögmálið
Líkinda lögmálið, also known as the law of large numbers, is a fundamental theorem in probability theory and statistics. It describes the long-term stability of the average of a random variable. In simple terms, it states that as the number of trials of an experiment increases, the average of the results obtained will get closer and closer to the expected value.
The law essentially bridges the gap between theoretical probability and empirical observation. For example, if you
There are two main forms of the law: the weak law of large numbers and the strong
This principle has wide-ranging applications in various fields, including finance, insurance, gambling, and scientific research. It