Final answer:
The statement 'The more times an event is repeated, the more predictable the outcome becomes' refers to the Law of Large Numbers, which aligns experimental probabilities with theoretical probabilities as more trials are conducted. the correct answer to the question is: a) Law of Large Numbers.
Step-by-step explanation:
The statement 'The more times an event is repeated, the more predictable the outcome becomes' is best described by the Law of Large Numbers. This law in probability and statistics indicates that as the number of trials or observations increases, the actual results become more consistent with expected probabilities. As a larger sample is collected, the relative frequency or experimental probability of an event tends to become closer to the theoretical probability. For instance, while flipping a coin a few times may yield an uneven distribution of heads and tails, flipping the coin thousands of times should result in a ratio that is very close to the expected 50/50 outcome.
Additionally, the Law of Large Numbers is significant when considering sampling distributions and sample mean. As the sample size increases, the mean of the sample will converge towards the population mean, making the predictions more reliable. This concept is foundational in areas such as political science, where large amounts of data allow for better predictions.
Therefore, the correct answer to the question is: a) Law of Large Numbers.