Without many trials, one cannot determine true probabilities of events.However, over the long run, and numerous trials, the expected relative-frequency probability of events is very clear and predictable.This is known as the:
A) independence of trials.
B) law of large numbers.
C) long-run probability calculation.
D) objective probability.

Question

Quizplus · Accepted Answer

The law of large numbers states that as the number of trials increases, the relative-frequency probability of an event will approach its true probability. Therefore, option B is the best choice as it describes this phenomenon accurately. Options A, C, and D are not as specific or accurate in describing this concept.

Without Many Trials, One Cannot Determine True Probabilities of Events