Need Help? Talk to a Tutor Read It 2 +44 points BBBasicStat7 5.1.004 My What is

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Need Help? Talk to a Tutor Read It 2 +44 points BBBasicStat7 5.1.004 My What is the law of large numbers? O As the sample size decreases, the relative frequency of outcomes gets closer to the theoretical probability of the outcome. O As the sample size increases, the cumulative frequency of outcomes gets closer to the theoretical probability of the outcome O As the sample size increases, the relative frequency of outcomes gets closer to the theoretical probability of the outcome. O As the sample size increases, the relative frequency of outcomes moves further from the theoretical probability of the outcome If you were using the relative frequency of an event to estimate the probability of the event, would it be better to use 100 trials or 500 trials? Explain. O It would be better to use 500 trials, because the law of large numbers would take effect. O It would be better to use 100 trials, because the law of large numbers would take effect. O It would be better to use 500 trials, because 100 trials is always too small. O It would be better to use 100 trials, because 500 trials is always too big Need Help? RitTalk to Tutor My Notes 8 points BBBasicStat7 5.1.014 Consider the following.

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2.

C As the sample size increases, the relative frequency of outcome gets closer to the theoretical probability of the outcome

The law of large numbers is a principle of probability according to which the frequencies of events with the same likelihood of occurrence even out, given enough trials or instances. As the number of experiments increases, the actual ratio of outcomes will converge on the theoretical, or expected, the ratio of outcomes.

B. It would be better to use 500 trails, because the law of large number would take effect

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