(Answered) Problem 1 in a population microy 100 and sigma2y 43 use

Economics

Problem 1: In a population µ_y = 100 and σ²_y = 43. Use the central limit theorem to answer the following question:

a. In a random sample of size n = 20, find Pr(Y<101).

b. In a random sample of size n = 100, find Pr (Y < 101). Compare the answer from parts a) and b) and comment on your findings.

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