Large numbers-use the normal approximation

Assignment Help Basic Statistics
Reference no: EM131128914

To illustrate the law of large numbers, use the normal approximation to the binomial distribution to determine the probabilities that the proportion of heads will be anywhere from 0.49 to 0.51 when a balanced coin is flipped
(a) 100 times; (b) 1,000 times; (c) 10,000 times.

Reference no: EM131128914

Questions Cloud

Use the normal approximation to the binomial distribution : (a) Based on the rule of thumb in Section 6, would we be justified in using the approximation? (b) Make the approximation and round to four decimals.
Determining if elements of a crime occurred is cornerstone : Determining if the elements of a crime occurred is the cornerstone of criminal law. Choose any state and research their criminal statutes pertaining to each of the below listed crimes. Your essay should outline the elements of each of the crimes a..
Side effects from a certain kind of medicine : If 23 percent of all patients with high blood pressure have bad side effects from a certain kind of medicine, use the normal approximation to find the probability that among 120 patients with high blood pressure treated with this medicine more tha..
How much would he need to contribute to have dollar 5000000 : A client needs assistance with retirement planning. Here are the facts: If Dave contributes half of his disposable income to the account, what will it be worth at 65? How much would he need to contribute to have $5,000,000 at 65?
Large numbers-use the normal approximation : To illustrate the law of large numbers, use the normal approximation to the binomial distribution to determine the probabilities that the proportion of heads will be anywhere from 0.49 to 0.51 when a balanced coin is flipped
Find a foreign currency-related issue that required : Review the text, Kentouris (2008), other suggested readings, and FASB and IFRS publications to find a foreign currency-related issue that required harmonization.
What is the probability kio will experience : Kio Outfitters estimated the following losses and probabilities from past experience: What is the probability Kio will experience a loss of $5,000 or greater? If an insurance company offers a loss policy with a $1,500 deductible, what is the most Kio..
How is criminal justice system portrayed : What feelings or reactions are evoked in you by the article? How would you explain the reported criminal behavior using at least two theories from the psychological perspectives to each article or news story?
Group of university of massachusetts sociologists : According to a study published by a group of University of Massachusetts sociologists, approximately 60% of the Valium users in the state of Massachusetts first took Valium for psychological problems. Find the probability that among the next 8 use..

Reviews

Write a Review

Basic Statistics Questions & Answers

  A binomial probability distribution

What are examples of variables that follow a binomial probability distribution? What are examples of variables that follow a Poisson distribution? When might you use a geometric probability?

  Given a normal distribution with u=100 and s=10

A campus program evenly enrolls undergraduate and graduate students. If a random sample of 4 students is selected from this program to be interviewed about the introduction of a new fast food outlet on ground floor of the campus building, what is ..

  An automobile manufacturer is concerned about a fault in

an automobile manufacturer is concerned about a fault in the braking mechanism of a particular model. the fault can on

  Find probability of different events

Suppose that an individual is randomly selected from the population, and define events by A = {type A selected}, B = {type B selected}, and C = {ethnic group 3 selected}. Calculate P(A), P(C), and P(A ∩ C). (Enter your answers to three decimal plac..

  How is an antiderivative related to a derivative

How is an antiderivative related to a derivative

  Determining the career in criminal justice

You will be evaluating formal and informal policies throughout your career in Criminal Justice, whether you are working in policing, courts, corrections, or in some other capacity.  Thus, each student in this class is expected to identify a crimin..

  What is approximately the probability of drawing at random

the distribution of vitamin c amount in vitamin drops produced by a given factory is approximately normal with a mean

  Compare and contrast probability and non-probability samplin

Compare and contrast probability and non-probability sampling. What are the advantages and disadvantages of each?

  A car manufacturer claims that its vehicles average at

a car manufacturer claims that its vehicles average at least 25 miles per gallon with a population standard deviation

  Central limit theorem-single sample hypothesis test

A spokesman for a popular television game show claims that contestants on the show win an average of $1200. In a random sample, 35 contestants were questioned on the amount of money they had won in order to test the hypothesis.

  Poisson distribution-probability

Find the probability that in a given year,a) Exactly one major hurricane will strike the U.S. mainland

  A report from the us department of justice reported the

a report from the u.s. department of justice reported the percent changes in federal prison populations in 21

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd