II. A. 1. e. COV and a Couple of Laws

II. Probability and Statistics for Reliability
A. Basic concepts

1. Statistical terms (Apply)

Define and use terms such as population, parameter, statistic, sample, the central limit theorem, etc., and compute their values.

This lesson takes a close look at a few more details and concepts.

Additional References

The Law of Large Numbers and the Gambler’s Fallacy (article)

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