What is the Law of Large Numbers in Statistics?
The Law of Large Numbers is a cornerstone concept in statistics and probability theory. This law asserts that as the number of trials or samples increases, the observed outcomes tend to converge closer to the expected value. [Read more…] about Law of Large Numbers
UPDATED! April 3, 2020. The coronavirus mortality rate varies significantly by country. In this post, I look at the mortality rates for ten countries and assess factors that affect these numbers. After discussing the trends, I provide a rough estimate for where the actual fatality rate might lie. 