Cryptocurrency Q&A What is the intuition behind convergence in probability?

What is the intuition behind convergence in probability?

CryptoChieftain CryptoChieftain Tue Sep 24 2024 | 7 answers 2288
Could you elaborate on the intuition behind convergence in probability? It's a concept that's often mentioned in the realm of statistics and probability theory, but I'm having trouble grasping the fundamental idea behind it. Specifically, how does one interpret the notion that a sequence of random variables converges in probability to a specific value? Are there any real-world examples that can help illustrate this concept more clearly? What is the intuition behind convergence in probability?

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