Solution-Central limit theorem to compute approximation

Central limit theorem to compute approximation

Reference no: EM13805452

Assume that we observe Xi, for i=1 to n are iid draws from a Bernoulli distribution with p =0.3.
Use the Central Limit Theorem to compute approximations for the following:

a) in a sample size of 100, the probability that the sample mean of X is greater than or equal to 0.35

b) In a sample size of 400, the probability that the sample mean of X is less than 0.27.

Reference no: EM13805452

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Central limit theorem to compute approximation

Reference no: EM13805452

Reference no: EM13805452

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