Which of the Following Statements Is True About the Law

question 5

Multiple Choice

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

• A)The LLN is almost always true, but there are special occasions, even when outcomes are random, when the LLN can be broken.
• B)The LLN states that the empirical probability that is observed will simulate the theoretical probability that is expected for any finite number of trials, so a simulation or experiment need not
• Have an excessive number of trials.
• C)The LLN states that if you simulate or conduct an experiment or simulation enough times the empirical probability observed will always match the theoretical probability that is expected.
• D)The LLN states that if an experiment with a random outcome is repeated a large number of times, the empirical probability that is observed is likely to be close to the theoretical probability.

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Definitions:

Federal Arbitration Act

A United States law that provides for the enforcement of arbitration agreements and outlines the process for arbitration proceedings in federal courts.

Submission Agreement

A written agreement to submit a legal dispute to an arbitrator or arbitrating panel for resolution.

Settlement Agreement

A legally binding contract between parties resolving a dispute or lawsuit outside of court through mutual concessions.

Decision

The conclusion or resolution reached by a court, judge, or arbiter in a legal case.