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Borel's law of large numbers, named after Émile Borel, states that if an experiment is repeated a large number of times, independently under identical conditions, then the proportion of times that any specified event is expected to occur approximately equals the probability of the event's occurrence on any particular trial; the larger the ...
Business ethics (also known as ... issues in finance are often addressed as matters of law rather than ethics. [46] ... it forces a large number of people in the firm ...
The law of truly large numbers (a statistical adage), attributed to Persi Diaconis and Frederick Mosteller, states that with a large enough number of independent samples, any highly implausible (i.e. unlikely in any single sample, but with constant probability strictly greater than 0 in any sample) result is likely to be observed. [1]
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Law of large numbers; Law of truly large numbers; Central limit theorem; Regression toward the mean; Examples of "laws" with a weaker foundation include: Safety in numbers; Benford's law; Examples of "laws" which are more general observations than having a theoretical background: Rank–size distribution
A code of practice is adopted by a profession (or by a governmental or non-governmental organization) to regulate that profession. A code of practice may be styled as a code of professional responsibility, which will discuss difficult issues and difficult decisions that will often need to be made, and then provide a clear account of what behavior is considered "ethical" or "correct" or "right ...
It is an umbrella term that covers the law of large numbers, all central limit theorems and ergodic theorems. If one throws a dice once, it is difficult to predict the outcome, but if one repeats this experiment many times, one will see that the number of times each result occurs divided by the number of throws will eventually stabilize towards ...
Littlewood’s law of miracles states that in the course of any normal person’s life, miracles happen at a rate of roughly one per month. The proof of the law is simple. During the time that we are awake and actively engaged in living our lives, roughly for 8 hours each day, we see and hear things happening at a rate of about one per second.