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 garage door opener has six toggle switches each with

a garage door opener has six toggle switches each with three settings up center and down. how many settings are

  Use normal approximation to binomial-approximate probability

Use the normal approximation to the binomial to approximate the probability that a) exactly 96 flights are on time. b) at least 96 flights are on time.

  Case study-types of layout

TIPL is a manufacturer in Ottawa, Ontario and specializes in sports memorabilia. Their specialty is to make 3-D images of past and present athletes used as promotional giveaways. TIPL started as a 2-perspon company owned and operated by Anthony an..

  He selects one of the coins at random and when he flips it

a gambler has a fair coin with one head and one tail and a two-headed coin. he selects one of the coins at random and

  Probability that sample of pencil leads have average mir

What is the probability that the sample of 16 pencil leads will have an average MIR between 6400 and 6550 psi? What assumptions did you make when answering the previous questions?

  Description of confidence interval-sample size

An election poll reported that a candidate had an approval rating of 48% with a margin of error E of 3%. Construct a confidence interval for the proportion of adults who approve of the candidate.

  The time between arrivals of taxis at a busy intersection

the time between arrivals of taxis at a busy intersection is exponentially distributed with a mean of 10 minutes.a what

  How would you define the wilcoxon signed rank test

How would you define the Wilcoxon Signed Rank Test?

  What is the probability that the flight departs with empty

because not all airline passengers show up for their reserved seat an airline sells 126 tickets for a flight that holds

  A coin up to and including the first flip of heads

Let L equal the number of flips of a coin up to and including the first flip of heads. Devise a significance test for L at level α = 0.05 to test the hypothesis H that the coin is fair. What are the limitations of the test?

  Regression output of a multiple regression model

Problem 1: The following table shows the regression output of a multiple regression model relating the beginning salaries in dollars of employees in a given company to the following predictor variables:

  Probability of tomato seeds germinate

A certain type of tomato seed germinates 90% of the time. A backyard farmer planted 25 seeds. What is the probability that exactly 20 germinate?

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