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Unformatted text preview: Law of Large Numbers • Probability is a long term number – Ex. Flip a coin 5 times and get 5 heads in a row, is a tail due on next flip? • Random events do not compensate for short term behavior – Over a long sequence of flips, even after a sequence of many heads in a row, P(tails after sequence) = 0.5 Law of Large Numbers • Over the long term, P(heads) = 0.5 • Long term  Infinite...
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 Spring '08
 Graham
 Probability, Dice, Coin flipping, Coin

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