00:01
Well, here in question a, i need to find the probability that the prediction is correct.
00:06
So i have to find the probability that x is at least 13.
00:11
And here is 25, p is .6.
00:17
So i'm using the binomial approximation to normal.
00:22
Now let's find the mean.
00:24
That's 15 and now let's find the standard deviation.
00:35
So this is 2 .45.
00:40
Now i can find this probability and we want to make sure that 13 is included then i'm looking for this probability when i make the adjustment to the normal correction.
00:54
Now let's convert this to that score and now let's use the score table to find the result.
01:10
So that's approximately 0 .840.
01:17
Or point yeah let's just leave it at this point 846 point 846 now let's move on to question b so what's in question b in question b i have to determine the sample size which is needed so that probability of predicting the correct outcome is at least 0 .95 let's do this so basically it means that this probability that x is greater sum x critical which is n over 2 because here we want to to predict the winner and it's better to say than n is actually more than n over 2 because as if it's n over 2 then it's a tie and here there's a probability that that is more than n over 2 minus the mean divided by the standard deviation and here you know probably since we want to be safer that we definitely take into account who is the winner so we don't we don't calculate the tie i'm going to at 0 .5 to n over 2 from this i subtract 15 and i divide this by the standard deviation of 2.
03:30
So this probability is 1 .645, at least 1 is at least 0 .95.
03:37
And it implies that this score must be 1 .645.
03:47
So now let's calculate this.
04:02
And actually here we need to be more careful because now n is different, so the mean is not 15.
04:08
And the standard deviation is also not different.
04:10
So let's now rewrite the adjusted calculation, is adjusted formula...