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law of averages
(redirected from Law of average)

    Also found in: Wikipedia 0.03 sec.
law of averages
n.
The principle holding that probability will influence all occurrences in the long term.
law of averages
n
(Mathematics & Measurements / Statistics) (popularly) the expectation that a possible event is bound to occur regularly with a frequency approximating to its probability, as in the (actually false) example after five heads in a row the law of averages makes tails the better bet Compare law of large numbers
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.law of averages - a law affirming that in the long run probabilities will determine performance
law of nature, law - a generalization that describes recurring facts or events in nature; "the laws of thermodynamics"
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For the last nine spins it has come down heads and our friend says: "We have to have a big bet on it coming down tails next time, the law of averages says it must.
QUESTION OF THE WEEK by The Mirror (London, England)
Into Account The law of averages is one that applies to all forms of retail, whether they are online or offline.
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As the law of averages always goes, there are some agents doing far worse than average and some doing far better than average.
Minneapolis Real Estate -- Selling Your Home During the Recession by michael russell / Real estate industry community
 
 
 
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