Definitions for "law of large numbers"
The statistical fact that it becomes harder and harder to maintain a given level...
A mathematical principle of probability stating that the actual losses in a given category of insurance will come closer to a predictable number as the number of units of exposure increases. In insurance, a prediction must be made from actuarial experience or statistical analysis of the number of losses to be expected in a group of exposures. (The larger the sample, the more accurate the prediction.)
The mean of a random sample approaches the mean (expected value) of the population as sample size increases.
Keywords:  lay, off, price, one
Law of one price Lay off