The law of large numbers states that the observed random mean from an increasingly large number of observations of a random variable will always approach the distribution mean.
The Gramm-Leach-Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999, provides limited privacy protections against the sale of your private financial information. Additionally, the GLBA codifies protections against pretexting, the practice of obtaining personal information through false pretenses.
1.1 Summary of Requirements of GLB Act. The GLB Act requires âFinancial Institutions,â defined below, including universities, to protect non-public personal information that is collected from an individual who obtains or has obtained a financial product or service from the institution for personal, family or household purposes.