1. Introduction and the main results
In a frequentist interpretation, the probability of an event is defined as its asymptotic relative frequency in a large number
of independent experiments. In modern axiomatic probability theory, this interpretation is reflected in various forms of the
law of large numbers. We refer the reader to any standard textbook on probability theory for a technical discussion of these
topics and to von Mises (1981) for a more philosophical account. Frequentism suggests that a sequence of n1 independent
experiments with individual probability of success p (such as the tossing of a biased coin), would yield, on average, n1p
successes. This is reflected by the fact that the number of successes in this setup follows a Bin(n1, p) binomial distribution
which assigns probability