Let x be a poisson random variable with mean 20. use the markov inequality to obtain an upper bound on p = p { x ≥ 26 } use the one-sided chebyshev inequality to obtain an upper bound on p . use the chernoff bound to obtain an upper bound on p . approximate p by making use of the central limit theorem. determine p by running an appropriate program.

Saline iv fluid bags cost $64.20 for 24, 1000 ml bags from one supplier. a new supplier sells 500 ml bags for $2 each. the hospital uses about 10,000, 1000 ml bags each month. nurses report that about half of the bags are more than half full when they are discarded. if you are going to use only one supplier, which size bag provides the best deal, and how much will you save each month? compare the cost of the new supplier to the current one.