vpFREE2 Forums

Weak/Strong Laws of Large Numbers

#1

Does anyone know if these laws (formulas) work for VP? My impression
is they don't, but do apply to some gambling games, such as roulette.
This impression is based on the definition of the laws which state the
sample must be from "identically distributed random variables". Lots
of Google sites discuss these formulas.

If they do apply to VP, there are some easy formulas for computing
sample sizes for any desired degree of confidence and level of
accuracy ... eg. the session size required to have 95% confidence of
being within .1% of the computed return.

#2

There are no laws in probability theory.

Does anyone know if these laws (formulas) work for VP? My

impression

is they don't, but do apply to some gambling games, such as

roulette.

This impression is based on the definition of the laws which state

the

sample must be from "identically distributed random variables".

Lots

···

--- In vpFREE@yahoogroups.com, "brumar_lv" <brumar_lv@...> wrote:

of Google sites discuss these formulas.

If they do apply to VP, there are some easy formulas for computing
sample sizes for any desired degree of confidence and level of
accuracy ... eg. the session size required to have 95% confidence of
being within .1% of the computed return.

#3

I agree those "laws" have an odd name, but they are what they are.
They are part of probability theory and have been for hundreds of
years. I didn't make it up. Google "Weak Law of Large Numbers"

···

--- In vpFREE@yahoogroups.com, "mickeycrimm" <mickeycrimm@...> wrote:

There are no laws in probability theory.