Also known as Bernoulli's Theorem. Let , ..., be a sequence of independent and identically distributed
random variables, each having a Mean
and Standard Deviation . Define a new variable
Stated another way, if an event occurs times in Trials and if is the probability of success in a single Trial, then the probability that for an arbitrary Positive quantity approaches 1 as .
See also Law of Truly Large Numbers, Strong Law of Large Numbers