Definition of the law of averages
- I can't believe that team has lost 12 games in a row. The law of averages says that they should have won at least one game by now.
: a binding custom or practice of a community : a rule of conduct or action prescribed (see prescribe 1a) or formally recognized as binding or enforced by a controlling authority
: the whole body of such customs, practices, or rules
: common law
: to sue or prosecute at law
: a single value (such as a mean, mode, or median) that summarizes or represents the general significance of a set of unequal values
: an estimation of or approximation to an arithmetic mean
: equaling an arithmetic mean
: being about midway between extremes
: not out of the ordinary : common
: to be or come to an average
: to have a medial value of
: to buy on a falling market or sell on a rising market additional shares or commodities so as to obtain a more favorable average price
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