law of averages

noun phrase

Definition of law of averages

: the commonsense observation that probability influences everyday life so that over the long term the possible outcomes of a repeated event occur with specific frequencies

First Known Use of law of averages

1874, in the meaning defined above

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The first known use of law of averages was in 1874

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Cite this Entry

“Law of averages.” Dictionary, Merriam-Webster, Accessed 28 Feb. 2020.

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