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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.

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
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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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.
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