Which of the Following Statements Is True About the "Law

question 58

Multiple Choice

Which of the following statements is true about the "law of large numbers" (LLN) ?

• A)The LLN states that if an experiment with a random outcome is repeated a large number oftimes, the empirical probability that is observed is likely to be close to the theoreticalprobability.
• B)The LLN states that if you simulate or conduct an experiment or simulation enough times theempirical probability observed will always match the theoretical probability that is expected.
• C)The LLN is almost always true, but there are special occasions, even when outcomes arerandom, when the LLN can be broken.
• D)The LLN states that the empirical probability that is observed will simulate the theoreticalprobability that is expected for any finite number of trials, so a simulation or experiment neednot have an excessive number of trials.

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Definitions:

U.S. Defense Contractor

Companies that provide products and services to the U.S. military and national security agencies, ranging from weaponry to technology solutions.

Bargaining Power

The capacity of one party to influence the terms and conditions of an agreement in their favor during negotiations with another party.

Substitution Possibilities

The extent to which alternative products or services can replace each other in satisfying consumers' needs or preferences.

Cross-Market Competition

Competition that occurs between businesses operating in different markets or sectors but competing for the same customer base.