The law of large numbers states that as the number of observations drawn at random from a population with finite mean u increases, the mean x of the observed values: O gets smaller and smaller....

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Extracted text: The law of large numbers states that as the number of observations drawn at random from a population with finite mean u increases, the mean x of the observed values: O gets smaller and smaller. fluctuates steadily between 1 standard deviation above and 1 standard deviation below the mean. O tends to get closer and closer to the population mean µ. gets larger and larger.