Suppose that a discrete random variable X has probability function f (x) = P(X = x) =
Question:
Suppose that a discrete random variable X has probability function f (x) = P(X = x) = 1 5, x ∈ RX = {−2a,−a, 0,
a, 2a}.
(i) Show that, regardless of the value of
a, we have E(X) = 0.
(ii) Calculate Var(X) as a function of
a. What happens with the variance as a increases? Give an intuitive interpretation of this result.
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Related Book For
Introduction To Probability Volume 2
ISBN: 9781118123331
1st Edition
Authors: Narayanaswamy Balakrishnan, Markos V. Koutras, Konstadinos G. Politis
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