Question: Consider the approximation. Use the central limit theorem to roughly estimate how big n must be so that we have 95% confidence that our
Consider the approximation. Use the central limit theorem to roughly estimate how big n must be so that we have 95% confidence that our computed approximation will be within .001 of the actual value. In developing your rough estimate, you should not use the actual value of , but you can use something like 3. How big must n be if we want to be within .0001? The ratio of areas is ((Pi*D*D)/4)/D*D)
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We have PZ c 095 where Z is a standard normal random variable We want to solve ... View full answer
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