Choose the correct definition of the Law of Large Numbers. The Law of Large Numbers states that as an experiment is repeated, the relative frequency of an event tends toward the real probability. the...

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Extracted text: Choose the correct definition of the Law of Large Numbers. The Law of Large Numbers states that as an experiment is repeated, the relative frequency of an event tends toward the real probability. the probability of obtaining a favorable outcome increases as the number of trials increases. if the probability of a specific observed event is very small, it is unlikely that the assumption about the probability is correct. the probability that an event will occur is derived from one's increasing knowledge of relevant circumstances. the sampling distribution of the sample mean will be approximately normally distributed as long as the sample size is sufficiently large.