Problem 1: Asking Embarrassing Questions, Politely When doing polling, for instance to figure out how popular a given candidate is, a common trick is to just ask N many people whether they support that candidate, and take the support to be the faction of people who say yes: if 70 people support the candidate out of 100 asked, we estimate the support at 70% or 0.7. Suppose that the probability a person supports a candidate is p, which you do not know. Let pn be the fraction of N people polled who support the candidate: total supporters divided by N people polled. 1) What is the distribution of N *pn? 2) Show hat the expected value of pN is p, i.e., PN is a valid estimator for p. If you want your estimated value of p to be accurate, you want your 'error' on N to be small. 3) How many people N should you poll to guarantee the expected squared error on N is less than 4) How many people N should you poll to guarantee the expected squared error on py is less than €, even if you don't know p?
Problem 1: Asking Embarrassing Questions, Politely When doing polling, for instance to figure out how popular a given candidate is, a common trick is to just ask N many people whether they support that candidate, and take the support to be the faction of people who say yes: if 70 people support the candidate out of 100 asked, we estimate the support at 70% or 0.7. Suppose that the probability a person supports a candidate is p, which you do not know. Let pn be the fraction of N people polled who support the candidate: total supporters divided by N people polled. 1) What is the distribution of N *pn? 2) Show hat the expected value of pN is p, i.e., PN is a valid estimator for p. If you want your estimated value of p to be accurate, you want your 'error' on N to be small. 3) How many people N should you poll to guarantee the expected squared error on N is less than 4) How many people N should you poll to guarantee the expected squared error on py is less than €, even if you don't know p?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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