The LAW OF LARGE NUMBERS states that:
- **A)** Short-run sequences of random outcomes always average out immediately
- **B)** Probabilities change depending on the number of trials conducted
- **C)** As the number of trials of a random process increases, the proportion of times a particular outcome occurs approaches its true probability
- **D)** Each individual random outcome becomes more predictable as more trials occur
The Law of Large Numbers describes long-run behavior of proportions, not short-run predictability -- a common misconception (the 'Gambler's Fallacy') is thinking probability 'corrects' short-run imbalances.