How could the central limit theorem be used to gauge the

Chapter , Problem 24

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

How could the central limit theorem be used to gauge the probable size of the error of the estimate of the previous problem? Denoting the estimate by \(\hat{A}\), if A = .2, how large should n be so that \(P(|\hat{A}-A|<.01) \approx .99\)?

Questions & Answers


(1 Reviews)

QUESTION:

How could the central limit theorem be used to gauge the probable size of the error of the estimate of the previous problem? Denoting the estimate by \(\hat{A}\), if A = .2, how large should n be so that \(P(|\hat{A}-A|<.01) \approx .99\)?

ANSWER:

Step 1 of 5

Let \(\varepsilon>0\) be arbitrary value, so that we need to find \(P(|\hat{A}-A|<\varepsilon)\)

Where A is the area of a region of unknown size, and \(\hat{A}\) is its estimate.

The estimate \(\hat{A}\) was defined as follows:

Let \(Z_{1}, Z_{2}, \ldots, Z_{n}\) be independent identically distributed random variables such that

\(Z_{i}=\left\{\begin{array}{ll} 1, & (X, Y) \in R \\ 0, & (X, Y) \notin R \end{array}\right.\)

Add to cart

Reviews

Review this written solution for 446168) viewed: 229 isbn: 9788131519547 | Mathematical Statistics And Data Analysis - 3 Edition - Chapter 5 - Problem 24

Thank you for your recent purchase on StudySoup. We invite you to provide a review below, and help us create a better product.

Textbook: Mathematical Statistics and Data Analysis

Click to rate

Write a review below (optional):

Submit Review
×

Thanks for your review!

Think of all the students you've helped. Nice job!


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back