Math Problem Statement

random sample of size 50 is collected from a population PP, where P \simP∼ Uniform[0,12]. Find a lower bound on the probability that the sample mean will be at most 3 away from the actual mean using the weak law of large numbers. Enter the answer correct to three decimal

Solution

To find the lower bound on the probability that the sample mean will be at most 3 away from the actual mean using the weak law of large numbers, we can use Chebyshev's inequality.

Given:

  • Population PUniform[0,12]P \sim \text{Uniform}[0, 12]
  • Sample size n=50n = 50
  • The tolerance level c=3c = 3

Step-by-Step Solution

  1. Calculate the Population Mean and Variance:

    • For a uniform distribution U[a,b]U[a, b], the mean μ\mu and variance σ2\sigma^2 are given by: μ=a+b2,σ2=(ba)212\mu = \frac{a + b}{2}, \quad \sigma^2 = \frac{(b - a)^2}{12}
    • In our case, a=0a = 0 and b=12b = 12: μ=0+122=6\mu = \frac{0 + 12}{2} = 6 σ2=(120)212=14412=12\sigma^2 = \frac{(12 - 0)^2}{12} = \frac{144}{12} = 12
  2. Calculate the Variance of the Sample Mean Xˉ\bar{X}:

    • The variance of the sample mean Xˉ\bar{X} is σ2/n\sigma^2 / n: Var(Xˉ)=1250=0.24\text{Var}(\bar{X}) = \frac{12}{50} = 0.24
  3. Apply Chebyshev’s Inequality:

    • Chebyshev’s inequality states that for any k>0k > 0, P(Xˉμk)Var(Xˉ)k2P(|\bar{X} - \mu| \geq k) \leq \frac{\text{Var}(\bar{X})}{k^2}
    • We want the probability that the sample mean Xˉ\bar{X} is within 3 of the actual mean, so we set k=3k = 3: P(Xˉμ<3)=1P(Xˉμ3)10.2432P(|\bar{X} - \mu| < 3) = 1 - P(|\bar{X} - \mu| \geq 3) \geq 1 - \frac{0.24}{3^2} =10.249=10.0267=0.9733= 1 - \frac{0.24}{9} = 1 - 0.0267 = 0.9733

Answer:

The lower bound on the probability that the sample mean will be at most 3 away from the actual mean is approximately: 0.973\boxed{0.973}

Would you like further details or have any other questions?


  1. How would the probability change if the sample size increased?
  2. What happens to the bound if the population variance increases?
  3. How would this result change if we used a different inequality?
  4. Can the weak law of large numbers provide an exact probability in any case?
  5. What is the impact of changing the tolerance level cc?

Tip: Chebyshev’s inequality is powerful for any distribution shape, providing a conservative probability bound.

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Math Problem Analysis

Mathematical Concepts

Probability
Uniform Distribution
Sample Mean
Chebyshev's Inequality
Weak Law of Large Numbers

Formulas

Mean of a Uniform distribution U[a, b]: μ = (a + b) / 2
Variance of a Uniform distribution U[a, b]: σ² = (b - a)² / 12
Variance of the sample mean: σ² / n
Chebyshev's Inequality: P(|X - μ| ≥ k) ≤ Var(X) / k²

Theorems

Chebyshev's Inequality
Weak Law of Large Numbers

Suitable Grade Level

Undergraduate