Question 5: A political party named LOLF (Law, Order and Latvia First) has exactly 4% approval rating: there is a p = 0.04 probability that a random respondent will express support for LOLF. During a...

Extracted text: Question 5: A political party named LOLF (Law, Order and Latvia First) has exactly 4% approval rating: there is a p = 0.04 probability that a random respondent will express support for LOLF. During a poll exactly 100 people are asked about their preferences. (C) Use the Chebyshev's inequality to estimate p(|X – 4| > 1) – the probability that the share of observed supporters of LOLF are off by more than 1 percentage point.