law of averages Synonyms
No Synonyms and anytonyms found
law of averages Meaning
Wordnet
law of averages (n)
a law affirming that in the long run probabilities will determine performance
law of averages Sentence Examples
- According to the law of averages, if you flip a coin multiple times, the number of heads and tails should be roughly equal in the long run.
- The law of averages suggests that over time, the average of a random variable will tend to approach its expected value.
- In gambling, the law of averages states that over time, the player's winnings and losses will tend to even out.
- In sports, the law of averages suggests that a team's performance will fluctuate over time, but in the long run, it will tend to return to its average.
- In economics, the law of averages is used to predict the behavior of markets, assuming that over time, prices and demand will tend to follow predictable patterns.
- In finance, the law of averages is used to assess the risk of an investment, assuming that over time, the returns will fluctuate but will eventually converge to the expected return.
- In psychology, the law of averages is used to explain how people's judgments and decisions are influenced by their past experiences, assuming that over time, these judgments and decisions will tend to become more accurate.
- In sociology, the law of averages is used to study social phenomena, assuming that over time, the behavior of individuals and groups will tend to follow predictable patterns.
- In biology, the law of averages is used to explain how populations of organisms fluctuate over time, assuming that over time, these populations will tend to return to a stable equilibrium.
- In physics, the law of averages is used to explain the behavior of particles, assuming that over time, the motion of these particles will tend to follow predictable patterns.
FAQs About the word law of averages
a law affirming that in the long run probabilities will determine performance
No synonyms found.
No antonyms found.
According to the law of averages, if you flip a coin multiple times, the number of heads and tails should be roughly equal in the long run.
The law of averages suggests that over time, the average of a random variable will tend to approach its expected value.
In gambling, the law of averages states that over time, the player's winnings and losses will tend to even out.
In sports, the law of averages suggests that a team's performance will fluctuate over time, but in the long run, it will tend to return to its average.
