Let f be a p.f. for a discrete distribution. Suppose that f (x) = 0 for x

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Let f be a p.f. for a discrete distribution. Suppose that f (x) = 0 for x ∉ [0, 1]. Prove that the variance of this distribution is at most 1/4. Prove that there is a distribution supported on just the two points {0, 1} that has variance at least as large as f does and then prove that the variance of a distribution supported on {0, 1} is at most 1/4.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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