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Let X Poisson() where = 100. Consider the probability p = P(X115). Suppose we are interested in finding an upper bound on p. That is,
Let X Poisson() where = 100. Consider the probability p = P(X115).
Suppose we are interested in finding an upper bound on p. That is, we'd like to find a number b such that p b.
(a) Find an upper bound using Markov's inequality.
(b) Find an upper bound using Chebyshev's inequality.
(c) Find an approximate value of p using the central limit theorem.
(d) The true value of p is about 0.063. Which value from (a),(b),(c) is the closest?
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