Solution

ID: past-exam-of-the-options-ii-course-of-the-university-of-oxford/2012/m/m4/a/iv/solution

The central limit theorem suggests approximating by a normal variable with mean and variance . Thus
Since is integer-valued, the usual continuity correction replaces by :
These are approximation formulas rather than consequences of Chebyshev's bound; the standard deviation is , not .

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