This is a blog containing data related news and information that I find interesting or relevant.
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Saturday 20 August 2016
Understanding the Empirical Law of Large Numbers and the Gambler’s Fallacy by Mehmet Suzen via @kdnuggets
Law of large numbers is a important concept for practising data scientists. In this post, The empirical law of large numbers is demonstrated via simple simulation approach using the Bernoulli process.
Nice explanation
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