Xn are iid Exponential(.5). After using the central limit theorem, Xn is Normally distributed. Use chebychev's inequality to find out how large n be so that P(|Xn-2| < .01) > .95.
I tried working on it and got the E(Xn) = 2n and Var(Xn) = 4n, and P(|Xn-2n| > .01) < (4n/(.01)^2)(1/n)= 40000.
Then i don't know what to do here. And i checked online of how to do this. Can you please help me how to solve this problem. Thank you so much for your help.
I am confused - do you mean they have an exponential distribution as you mentioned in the original post, or have another normal distribution? Note that we are just interested in the mean and variance, not the exact distribution for applying the inequality.
First It is an exponential distribution. Then using the central limit theorem on the exponential distribution, the exponential distribution is now a normal distribution.
It really doesn't matter that the CLT applies here since you're asked to use Chebyshev's inequality. You just need to figure out the variance of the sampling distribution for any given n. It will be a function of n. So plug that into the inequality and solve for n.
"His programming is malfunctioning. It begins! Get your weapons, he's going to become a killbot!!!" - bryangoodrich
Haven't watched it, but you need to relearn what the central limit theorem states and how it is used. So, watch this
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