This law states that in large number of occurrences, the probability of outcomes fall near the expected values. For instance, a large sample size or many experiments of a single variable will show results that are on expected lines as extreme values are overcome.
Diagrams
Originated from/Coined by
Jacob Bernoulli
Further Reading/ References
https://en.wikipedia.org/wiki/Law_of_large_numbers
https://whatis.techtarget.com/definition/law-of-large-numbers
https://www.investopedia.com/terms/l/lawoflargenumbers.asp