The convergence statement
For iid observations with a finite first absolute moment, the sample mean converges to the population mean in the law of large numbers. This is a statement about a sampling process.
Amanda Gregg · YouTube · 4:01
Use interactive sample-mean simulations to illustrate the law of large numbers for uniform and skewed populations.
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For iid observations with a finite first absolute moment, the sample mean converges to the population mean in the law of large numbers. This is a statement about a sampling process.
The uniform-population simulation compares sample sizes such as 2, 30, 50 and 300. Small samples can fluctuate far from the target mean; larger ones tend to concentrate more closely.
Switching to a skewed chi-squared population changes the visible fluctuations. The law does not guarantee monotone improvement for each additional observation or identical convergence speed for every distribution.
For iid observations with a finite first absolute moment, the sample mean converges to the population mean in the law of large numbers. This is a statement about a sampling process.
The uniform-population simulation compares sample sizes such as 2, 30, 50 and 300. Small samples can fluctuate far from the target mean; larger ones tend to concentrate more closely.
Switching to a skewed chi-squared population changes the visible fluctuations. The law does not guarantee monotone improvement for each additional observation or identical convergence speed for every distribution.
For iid observations with a finite first absolute moment, the sample mean converges to the population mean in the law of large numbers. This is a statement about a sampling process. The uniform-population simulation compares sample sizes such as 2, 30, 50 and 300. Small samples can fluctuate far from the target mean; larger ones tend to concentrate more closely. Switching to a skewed chi-squared population changes the visible fluctuations. The law does not guarantee monotone improvement for each additional observation or identical convergence speed for every distribution.