Which of the Following Statements Is True About the Law

question 1

Multiple Choice

Which of the following statements is true about the Law of Large Numbers (LLN) ?

• A)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.
• B)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.
• C)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.
• D)The LLN is almost always true, but there are special occasions, even when outcomes arerandom, when the LLN can be broken.

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