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What is another word for the law of averages?

Pronunciation: [ðə lˈɔː ɒv ˈavɹɪd͡ʒɪz] (IPA)

The law of averages is a popular term use in mathematics and statistics to describe the expected balance between different outcomes of certain events over time. Synonyms for the law of averages include 'normal distribution,' 'expected value,' 'mean,' 'central limit theorem,' or 'bell curve.' These terms all imply the idea of a predictable pattern of outcomes in the long run, balancing out any unusual or extreme results in the short term. Whether in gambling, sports, or other fields of research, understanding the law of averages can help individuals make informed decisions based on probabilities and trends, rather than relying solely on chance or luck.
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What are the hypernyms for The law of averages?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    probability theory, Stochastic Processes, Mathematical laws, Statistical laws.

Famous quotes with The law of averages

  • I feel like a fugitive from the law of averages.
    Bill Mauldin
  • I feel like a fugitive from the law of averages.
    William H. Mauldin
  • Cultivate your curiosity. Keep it sharp and always working. Consider curiosity your life preserver, your willingness to try something new. Second, enlarge your enthusiasm to include the pursuit to excellence, following every task through to completion. Third, make the law of averages work for you. By budgeting your time more carefully than most people you can make more time available. Does the combination of curiosity, enthusiasm, and the law of averages guarantee success Indeed it does not ... Success in the final analysis always involves luck or the element of chance. Louis Pasteur grasped this well when he said that chance favors the prepared mind.
    John W. Hanley

Related words: the law of averages pdf, law of averages in statistics, what does the law of averages mean, law of average definition, the law of averages in gambling, law of averages in probability

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  • What is the law of averages?
  • How does the law of averages work?
  • What is a law of averages?

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