Yup. Rule of large numbers basically says that even if something is unlikely to happen, a large enough dataset will essentially ensure it happens. As the number of samples increases, the real-world outcomes will approach the expected values. Two die rolls on a d6 won’t always average to 3.5, but a thousand rolls will probably be pretty damned close to the 3.5 average. Something that happens based on a bell curve will approach that theoretical bell curve as more samples are collected.
Imagine a die that rolls a random number from one to a million. Your odds of rolling a 1 are pretty low. Quite literally one in a million. But now imagine that the die is rolled ten trillion times. Chances are very good that a 1 was rolled several times. Even though it only had a 0.0001% chance of happening, it still happened eventually. Because it had a chance of happening, a large enough dataset will essentially ensure it does happen.
This is pretty much how the lotto works. Each individual player only has a minuscule chance of winning. But when there are millions of players, the odds of someone winning are actually pretty good.
Yup. Rule of large numbers basically says that even if something is unlikely to happen, a large enough dataset will essentially ensure it happens. As the number of samples increases, the real-world outcomes will approach the expected values. Two die rolls on a d6 won’t always average to 3.5, but a thousand rolls will probably be pretty damned close to the 3.5 average. Something that happens based on a bell curve will approach that theoretical bell curve as more samples are collected.
Imagine a die that rolls a random number from one to a million. Your odds of rolling a 1 are pretty low. Quite literally one in a million. But now imagine that the die is rolled ten trillion times. Chances are very good that a 1 was rolled several times. Even though it only had a 0.0001% chance of happening, it still happened eventually. Because it had a chance of happening, a large enough dataset will essentially ensure it does happen.
This is pretty much how the lotto works. Each individual player only has a minuscule chance of winning. But when there are millions of players, the odds of someone winning are actually pretty good.