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Statistics class. Must be 250 words. Must cite work if applicable.
"Playing Games with Probability" Please respond to the following:
Let’s assume that you are interested in doing a statistical survey and you use confidence intervals for your conclusion.
Instructions are in the attached document
Kindly go through the rubric as well, it is included in the instructions, and ensure that the paper you write meet all requirements of the rubric
Use Chebychev's inequality to prove the LLN for the sample mean of i.i.d.
Download R project: https://www.r-project.org
1. Use Chebychev's inequality to prove the LLN for the sample mean of i.i.d. data with finite variance. 2. Use the R code to empirically check the LLN and CLT via simulation.