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What was the name of the work in which Jacob Bernoulli derived the Law of Large Numbers?

  • Philosophiae Naturalis

  • Ars Conjectandi

  • Principia Mathematica

  • Summa Theologica

Answer

Ars Conjectandi, published by Jacob Bernoulli in 1713, is considered a seminal work in probability theory and mathematical statistics. In it, Bernoulli introduced the concept of the Law of Large Numbers, where he showed that the average of a large number of independent and identically distributed random variables tends to a fixed value as the sample size increases.
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