Suppose that a random sample of size n is to be taken from a distribution for which

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Suppose that a random sample of size n is to be taken from a distribution for which the mean is μ and the standard deviation is 3. Use the central limit theorem to determine approximately the smallest value of n for which the following relation will be satisfied:
Pr(|n − μ| < 0.3) ≥ 0.95. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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