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Consider a box of red and blue ticketsConsider a box of red and blue tickets. Suppose I told you the proportion of red tickets in
Consider a box of red and blue ticketsConsider a box of red and blue tickets. Suppose I told you the proportion of red tickets in the box, , is 14/25. Now suppose you randomly sampled, with replacement, 5000 tickets from this box and got T = 2778 red tickets. Find approximate 68%, 95%, 99.7% prediction intervals for T under the assumption that = 14/25.. Suppose I told you the proportion of red tickets in the box, , is 14/25. Now suppose you randomly sampled, with replacement, 5000 tickets from this box and got T = 2778 red tickets
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