%A D’Amico, Rosario %D 2021 %T Chance and The Statistical Law of Large Numbers %K %X In this work we look at one special case to provide a rational basis for the following assertion known as Statistical Law of Large Numbers: If an event E has a constant probability p of occurrence on any one trial, and has occurred m times in n trials, then, if the relative frequency of E, m/n, approaches the value of a limit point l and the accuracy of the approximation increases as the number of trials increases, we have l = p. The argument we propose is based on the concepts of “event” and “trial”, formulated in a recent paper by the author himself, and their direct implications. %U https://journals.aserspublishing.eu/jmef/article/view/6879 %J Journal of Mathematical Economics and Finance %0 Journal Article %R 10.14505/jmef.v7.2(13).03 %P 41-53%V 7 %N 2 %@ 2458-0813 %8 2021-12-31