Raymond B. answered 06/03/23
Math, microeconomics or criminal justice
h = 60+ t
h+t = 1000
60+2t = 1000
2t = 940
t = 470
h = 530
n=1000
p = 1/2
q = 1/2
npq = variance = 1000/4 = 250
sqrnpq = standard deviation sqr250 = 5sqr10
np = mean = 500
(530-500)/5sqr10 = z = 30/5sqr10 = 6/sqr10 = 6sqr10/10 = 3sqr10/5 = about .6(3.162= about 1.9
= about 2, by the empirical rule, 95% fall (within 2 standard deviations from the mean with
(1-.95)/2 = .05 = .025 = 2.5% above z= 2
slightly less than 2.5% probability of more than 60% heads in 1,000 flips of a fair coin
using a normal distribution as an approximation to the binomial distribution