Question: If you repeat an experiment independently for hundreds or thousands of times and average the result, what you obtain should be close to the true

If you repeat an experiment independently for hundreds or thousands of times and average the result, what you obtain should be close to the true underlying value

(

that is

,

the expected value

)

for the outcome of the experiment. What is this principle called?

Multiple Choice

the Law of Large Numbers

the Heisenberg Uncertainty Principle

the Silver Lining Effect

the Endowment Effect

the Sample Size Effect

none of these

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