Rounding Out His Portfolio

<h1>Rounding Out His Portfolio</h1> <P>Guido does a quick estimate of the total dollar amount of checks he has written by adding up only the whole dollar amounts and then adding to this total a correction of $.50 per check. Assume he does this with 48 checks. Approximately how likely is it that the total he obtains is more than $6 off from the true total?</P> <hr> <address><a href="http://www.wpi.edu/~jdp/">Joe Petruccelli < jdp@wpi.edu&gt</a></address>  Last modified: Fri Jan 17 16:35:23 EST 2003  </body> </html>