The number of heads in 100 flips of a fair coin is approximately Normally distributed. To estimate the chance of getting between 49 and 51 heads (inclusive), what would the endpoints of the interval be after a continuity correction?
X ~ Bin ( n , p)
Where n = 100 , p = 0.50
Mean = n p = 100 * 0.50 = 50
Standard deviation = sqrt [ n p ( 1 - p) ] = sqrt [ 100 * 0.5 * 0.5 ] = 5
Using normal approximation,
P(X < x) = P(Z < ( x - mean) / SD )
With continuity correction,
P(49 X 51) = P(48.5 < X < 51.5)
P ( 48.5 < X < 51.5 ) = P ( Z < ( 51.5 - 50 ) / 5 ) - P ( Z < ( 48.5 - 50 ) / 5 )
= P ( Z < 0.3) - P ( Z < -0.3 )
= 0.6179 - 0.3821 (From Z table)
= 0.2358
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