Which of the Following Statements Best Describes the Law of Large

question 47

Multiple Choice

Which of the following statements best describes the law of large numbers?

• A) Large numbers of people should be involved if a gamble has to be successful.
• B) Risk involved in a gamble is low when the money invested in it is large.
• C) The mean return will get closer and closer to its expected value the more times a gamble is repeated.
• D) Risk involved in a gamble is low when the prize is large.

---

Definitions:

Complex Feature Detection

The ability of the brain to identify and process multifaceted aspects of sensory input for recognition and interpretation.

Inattentional Blindness

A psychological lack of attention that is not associated with any vision defects or deficits, making an individual fail to perceive an unexpected stimulus that is in plain sight.

Bottom-up Processing

A cognitive approach where perception starts with the smallest or simplest element and works up to the formation of a complete perception or understanding.

Hyperfocus

A state of intense concentration or complete absorption with the task at hand, which can be beneficial for productivity but detrimental if it leads to neglect of other tasks.