Question: Crowdsourcing sometimes refers to a method where a problem is given to a large number of people, and the results are averaged in some way
Crowdsourcing" sometimes refers to a method where a problem is given to a large number of people, and the results are averaged in some way to give an (often very accurate) answer to the problem. Suppose 500 people are shown a large jar full of pennies (which, in fact, contains 4000 pennies), and each person is asked to guess the number of pennies in the jar. Suppose further that the individual guesses follow a normal distribution with a mean of 4000 and a standard deviation of 1000. Use the Central Limit Theorem to find the probability that the mean guess will be between 3900 and 4100. Answer as a decimal rounded 3 decimal places. Repeat assuming the mean and standard deviation, but with a sample size 750. Answer as a decimal rounded 3 decimal places
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