p= 0.04 probability that a random respondent will express support for LOLF. During a poll exactly 100 people are asked about their preferences. (C) Use the Chebyshev's inequality to estimate p(|X - 4| 2 1) – the probability that the share of observed supporters of LOLF are off by more than 1 percentage point.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
icon
Related questions
Question
Question 5: A political party named LOLF (Law, Order and Latvia First) has exactly 4% approval rating: there is a
p = 0.04 probability that a random respondent will express support for LOLF. During a poll exactly 100 people
are asked about their preferences.
(C) Use the Chebyshev's inequality to estimate p(|X – 4| > 1) – the probability that the share of observed
supporters of LOLF are off by more than 1 percentage point.
Transcribed Image Text:Question 5: A political party named LOLF (Law, Order and Latvia First) has exactly 4% approval rating: there is a p = 0.04 probability that a random respondent will express support for LOLF. During a poll exactly 100 people are asked about their preferences. (C) Use the Chebyshev's inequality to estimate p(|X – 4| > 1) – the probability that the share of observed supporters of LOLF are off by more than 1 percentage point.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,