3. Apply the weak law of large numbers to determine the necessary sample size in the following...
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3. Apply the weak law of large numbers to determine the necessary sample size in the following cases to have 95% confidence:
(a) For the standard binomial distribution, estimate p to three decimal places
ð ¼ 0:0005Þ if it is known that 0:1a pa0:5.
(b) For the negative binomial distribution with k ¼ 10, estimate m to two decimal places, where it is known that pa0:1.
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Related Book For
Introduction To Quantitative Finance A Math Tool Kit
ISBN: 978-0262013697
1st Edition
Authors: Robert R. Reitano
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