Sunday, April 20, 2008

law of averages

"The law of averages is a lay term used to express a belief that outcomes of a random event will "even out" over a large sample.

As invoked in everyday life, the "law" usually reflects bad statistics or wishful thinking rather than any mathematical principle. While there is a real theorem that a random variable will reflect its underlying probability over a large sample, the law of averages typically assumes that unnatural short-term "balance" will occur.

- wikipedia



ie: i'm going to the game tonight and we're hella due for a win.....
:)

3 comments:

ngthagg said...

Here's another wikipedia page:

Good News!

awildermode said...

ie: i'm going to the game tonight and we're hella due for a win.....
:)


yep, any chance you are going to San Jose and bring that mojo with you?

leanne said...

I don't think the sixteen to twenty-eight games played per team per playoffs is a statistically significant number of observations, in either case, however...