Let X1,X2,…,Xn be i.i.d.\ Bernoulli(p) with p=0.01 and n=10,000. Define Sn=∑i=1nXi.
(a) Using the CLT, approximate P(Sn≤80).
(b) The Berry-Esseen theorem states that supx∣P(Zn≤x)−Φ(x)∣≤σ3nCρ, where Zn=(Sn−nμ)/(σn), ρ=E[∣X1−μ∣3], and C≤0.4748. Compute the Berry-Esseen bound on the approximation error in part (a).