law of averages


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Related to law of averages: law of large numbers, Murphy's Law

law of averages

n.
The principle holding that the relative frequency with which an event occurs in repeated trials will converge to a stable value over time as the number of samples increases. Also called Bernoulli's law, law of large numbers.

law of averages

n
(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

law′ of av′erages


n.
1. a statistical principle formulated by Jakob Bernoulli to show a more or less predictable ratio between the number of random trials of an event and the outcomes that result.
2. the principle that, in the long run, probability as naively conceived will operate and influence any one occurrence.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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"
References in classic literature ?
It is the law of average. Such a rule of the two diameters not only guides us toward the sun in the system and the heart in man, but draws lines through the length and breadth of the aggregate of a man's particular daily behaviors and waves of life into his coves and inlets, and where they intersect will be the height or depth of his character.
The law of averages doesn't have any basis in fact though.
If Birmingham confirmed bad blood can be carried over, Burnley, a good footballing side, confirmed the law of averages.
""The law of averages said we weren't going to beat Newcastle because it was five in a row but we made it six." Meanwhile, three Sunderland fixtures have been moved for television - but one is under threat of being rearranged again.
The law of averages says it will be one hen and one cockerel.
John's High coach Bob Foley chalked up his team's 50-point second half to simply the law of averages.
"The law of averages would say that somewhere along the line we have got to start winning," Jackett said.
With three St Helens players having made the World Championships, the law of averages suggest at least one will go far at the Ally Pally.
Mick Rees Must be our turn, law of averages! Wales by whisker.
The law of averages suggest Liverpool can't hang on in every match, so Brendan Rodgers will want to get into the minds of his players.
I'm sure that with Bahrain having almost 40 per cent expat population, at least 40pc of such prizes will then go to expats as per law of averages.
The problem with the World Series of Poker is because there is no barrier to entry beyond a fee, the tournament is flooded with amateur competitors, and the law of averages invariably finds many of them, and not the sport's best, in the final, big-money games.