the law of averages

Definition of the law of averages

:the idea or principle that something which can produce different results will produce those results in a regular or predictable way over a period of time
  • 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.

Word by Word Definitions

law play
  1. : 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

  2. : the whole body of such customs, practices, or rules

  3. : common law

  1. : litigate

  2. : to sue or prosecute at law

average play averages
  1. : a single value (such as a mean, mode, or median) that summarizes or represents the general significance of a set of unequal values

  2. : mean

  3. : an estimation of or approximation to an arithmetic mean

  1. : equaling an arithmetic mean

  2. : being about midway between extremes

  3. : not out of the ordinary : common

  1. : to be or come to an average

  2. : to have a medial value of

  3. : 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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