Imagine that you had to explain the law of large numbers


QUESTION 1: Imagine that you had to explain the law of large numbers and the central limit theorem to a person who has never heard of these things. Write an explanation to help this person understand these concepts. If you use a technical term, be sure to explain it.

Do not cut and paste anything from the Internet, but if you get ideas from a book or Internet source, be sure to cite it in the text and add a reference entry at the end (and put the ideas into your own words). 

QUESTION 2: List what you consider are the most important concepts you have learned in this Statistics and Probability course.

QUESTION 3: What study tips would you give to students who enroll in this class next term? You can discuss whatever you think might be useful: time-management tips, what to study, how to study, what to do, or what not to do.

(NOTE; Please answer each question in 3 or more well constructed paragraph)

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Finance Basics: Imagine that you had to explain the law of large numbers
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