why is the law of large numbers important 
the law of large numbers is important in statistical analysis because it gives validity to your sample size the assumptions you make when working with a small amount of data may not appropriately translate to the actual population so it s important to make sure enough data points are being captured to adequately represent the entire data set the law of large numbers is important in business when setting targets or goals a company might double its revenue in a single year it will have earned the same amount of money each of the last two years should it obtain only 50 growth in revenue the next year percentages can be misleading as large dollar values escalate 