An insurance company can use the law of large numbers to predict the number of people in your community that will have a car accident in a given month.

Name: An insurance company can use the law of large numbers to predict the number of people in your community that will have a car accident in a given month.
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The law of large numbers states that if a large number of people or organizations are exposed to the same risk, a predictable number of losses will occur during a given period of time.

An Insurance Company Can Use the Law of Large Numbers