Simplified fraction 8 (5/6) =
2 answers:
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Answer:
the 95th percentile for the sum of the rounding errors is 21.236
Step-by-step explanation:
Let consider X to be the rounding errors
Then;
where;
a = -0.5 and b = 0.5
Also;
Since The error on each loss is independently and uniformly distributed
Then;
where;
n = 2000
Mean
Recall:
For 95th percentile or below
From Normal table; Z > 1.645 = 0.05
the 95th percentile for the sum of the rounding errors is 21.236
So with this, you'll be using a proportion to solve it. And here's what your equation will look like:
Firstly, you'll need to cross-multiply. Your equation will look like this:
For this, all you need to do is square root, and your answer is , however this answer can be simplified further.
In short, your answer is