You toss a fair coin 20000 times Use chebyshevs inequality t
You toss a fair coin 20000 times. Use chebyshev\'s inequality to estimate the probability that you do not land on heads between 45% and 55% of the time. Please explain and show work Thank you
Solution
0.5 * 20000 = 10000
0.45 < k < 0.55
1 - 1/k2 = 0.45
k = 1.35
Z = 1.65
probability = 0.0495

