If you were using the relative frequency of an event to estimate the probability of the event, would it be better to use 100 trials or 500 trials? Explain. It would be better to use 500 trials, because the law of large numbers would take effect. It would be better to use 100 trials, because the law of large numbers would take effect. It would be better to use 500 trials, because 100 trials is always too small. It would be better to use 100 trials, because 500 trials is always too big. Need Help? Read I

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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What is the law of large numbers? As the sample size decreases, the relative frequency of outcomes gets closer to the theoretical probability of the outcome. As the sample size increases, the cumulative frequency of outcomes gets closer to the theoretical probability of the outcome. As the sample size increases, the relative frequency of outcomes gets closer to the theoretical probability of the outcome. As the sample size increases, the relative frequency of outcomes moves further from the theoretical probability of the outcome. If you were using the relative frequency of an event to estimate the probability of the event, would it be better to use 100 trials or 500 trials? Explain. It would be better to use 500 trials, because the law of large numbers would take effect. It would be better to use 100 trials, because the law of large numbers would take effect. It would be better to use 500 trials, because 100 trials is always too small. It would be better to use 100 trials, because 500 trials is always too big. Need Help? Read It
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