According to the Law of Large Numbers,when a Gamble Is

question 28

Multiple Choice

According to the law of large numbers,when a gamble is repeated many times,

• A) the average outcome increases.
• B) the average outcome is the expected value.
• C) the probability of each outcome changes.
• D) insurance becomes less profitable when many people buy it.

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Definitions:

Central Nerve Ring

A ring of nervous tissue found in certain invertebrates, such as echinoderms, functioning as a central nervous system component.

Nerve Ganglia

Clusters of nerve cell bodies in the peripheral nervous system, serving as relay points for neural signals.

Dorsal Hollow Nerve Cord

A characteristic feature of the phylum Chordata, it is a tube-like structure found along the back (dorsal side) that develops into the central nervous system.

Molluscs

A diverse group of invertebrate animals characterized by a soft body, many with a calcium carbonate shell, including snails, clams, and octopuses.