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Definitions from the WebTerm: Law of AveragesThe Law of Averages refers to a statistical theory which suggests that over a long period, the outcomes of events will tend to even out and approach the expected average. It implies that unlikely events are likely to occur, or that the frequency of an event will eventually coincide with its probability. Examples in Sentences:Sense 1: Statistical TheoryNoun: According to the law of averages, if you flip a fair coin a hundred times, you should get heads roughly fifty times. Sentence: The law of averages predicts that if a basketball player shoots a hundred free throws, he will likely make about fifty of them. Sense 2: Unlikely Event OccurrenceNoun: Despite not being skilled in card games, I won a poker tournament last night. I guess it's just the law of averages. Sentence: After a few rounds of losses, John finally won a poker hand, believing it was all due to the law of averages being on his side. Sense 3: Frequency and ProbabilityNoun: The car salesman assured us that if we increased our number of test drives, we would sell more cars due to the law of averages. Sentence: The marketing team decided to increase their advertising efforts, relying on the law of averages to attract more customers to their product. Here are some helpful books related to the concept of Law of Averages available on Amazon: | ||||
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