Three balls are numbered 1, 2, 3 and placed in a bag. Consider the following experiment: two balls are chosen randomly without replacement from this bag. Let X¡ and X2 denote the number of the first and second ball, respectively. Define Y = |X1 – X2]. This experiment is repeated 50 times, the result of the i-th round is denoted by Y;. 50 Let Y50 = 1 Y;). What is the probability that Y50 will be different 50 (2Y: from E[Y;] by 0.05 or more? i. Use Chebyshev's Inequality. ii. Use Central Limit Theorem.
Compound Probability
Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.
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Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described.
Conditional Probability
By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.
![Three balls are numbered 1, 2, 3 and placed in a bag. Consider the
following experiment: two balls are chosen randomly without replacement from this
bag. Let X¡ and X2 denote the number of the first and second ball, respectively.
Define Y = |X1 – X2|. This experiment is repeated 50 times, the result of the i-th
round is denoted by Y;.
50
1
Let Y50 =
50
Y:). What is the probability that Ys0 Will be different
from E[Y;] by 0.05 or more?
i. Use Chebyshev's Inequality.
ii. Use Central Limit Theorem.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F20d248cc-68fc-4f24-9704-8c0000ebf3ef%2F1754f332-6083-4548-b3ad-48ff4d720ea4%2Fipcn99j_processed.png&w=3840&q=75)
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