ELI5: Explain Like I'm 5

Chernoff bound

Chernoff bound is like having a magic wand that can help Count Dracula keep all the pesky neighborhood kids away from his castle. Imagine that Count Dracula has promised his leader that he'll never let more than 10 children play near his castle at any given time. However, sometimes the kids don't listen and they come in crowds of different sizes.

Now, to keep his promise, Count Dracula can use the Chernoff bound magic wand to calculate the likelihood of having more than 10 kids around his castle at any given time. The Chernoff bound wand uses some math to figure out the probability of having too many kids around the castle based on how many there are already, and how many more are likely to come.

In the same way, Chernoff bound is a mathematical tool that helps us to estimate the probability of having too many events happen in a given situation. In other words, it tells us the likelihood of something happening beyond what we expect or want it to happen.

So, it's like a magic wand that can tell us the probability of something happening, and we can use it to make sure we don't break any promises made to our leader, or keep those pesky neighborhood kids away from Count Dracula's castle!