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translations for
law of averages
Definition of law of averages
The statistical
tendency
toward a fixed
proportion
in the
result
s when an
experiment
is
repeat
ed a large number of times; the
law of large numbers
An
imaginary
or
perceived
"law" of probabilities which is wrongly used to
predict
results in the
short-term
Examples
This coin has landed on heads ten times, so by the
law of averages
it must land on tails next time.
Related words
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