In simple terms, the Law of Large Numbers refers to
a formula that helps us understand averages. ๐
When you perform a random experiment many times, like rolling a die, the average of all the results will approach the expected value. The formula says that as the number of trials (n) goes up, the observed average (Xฬ) gets closer to the true average (ฮผ). Mathematically, we represent it as:
$$ \lim_{n \to \infty} Xฬ_n = ฮผ $$
This means that if you keep trying, you'll get closer and closer to the "right" answer!