Final answer:
This mathematics question entails calculating probabilities using binomial and normal distributions, understanding the expected value and standard deviation for a binomially distributed random variable, applying the Central Limit Theorem, and comparing approximations from normal distributions to exact binomial calculations.
Step-by-step explanation:
Exercise 1: Understanding Binomial Distribution and Normal Approximation
a. The probability that exactly 230 people favor the ban is calculated using the binomial probability formula P(X = k) = C(n, k) * p^k * (1-p)^(n-k), where p is the probability of a single success, n is the number of trials, k is the number of successes, and C(n, k) is the combination of n items taken k at a time.
b. To find the probability that 230 or more people in the sample favor the ban, one would sum the probabilities of all outcomes from 230 to 250, which can be done efficiently using cumulative distribution functions in statistical software.
c. The expected value (mean), μ, of X is calculated as n*p, and the standard deviation, σ, is calculated as sqrt(n*p*(1-p)).
d. Due to the large sample size and high probability of success, we can expect X to have an approximately normal distribution, according to the Central Limit Theorem.
e. The R code mentioned is used to compare the actual binomial distribution of X to its normal approximation graphically.
f. To approximate P(X ≥ 230) assuming X is normally distributed, one would use the standard normal distribution and z-scores. The approximation may differ slightly from the exact value due to the discrete nature of the binomial distribution versus the continuous normal distribution.
g. For the sample proportion, π, P(π > 0.92) can be estimated using a normal distribution for the sample proportion, with a mean of p and a standard deviation of sqrt(p*(1-p)/n). This value will be related to but not identical to that found in part f, due to differences in the scaling factor for proportions versus counts.