You can
put this solution on YOUR website!Suppose you flip a coin 10000 times, What does the Law of Large Numbers say?
Multiple choice:
1)You should expect to get exactly 500 heads.
2)If after 9999 flips you have exactly 4999 heads and 5000 tails, you should expect the next flip to be a heads.
3)It is likely that the proportions of heads and tails flipped is close.
4)The next flip has a 0.5 probability of being heads.
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Answer: 3
Cheers,
Stan H.