Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 - Mean and Variance of Binary Variables Imagine that you want to know a little more about the nationality of the students in

image text in transcribed
Question 2 - Mean and Variance of Binary Variables Imagine that you want to know a little more about the nationality of the students in your ctass. You observe a binary variable equal to 1 if the student has Canadian nationality and 0 otherwise. To answer this question, you can use the following notation: Hg is the number of students with Canadian nationality. NA is the number of students without Canadian nationality and N is the total number of students in the class (N; + NA=N). a} Using the population mean formula. show that when you compute the average of the binary variable described above, you will get the proportion (NdN) of students who are Canadian citizens (in the classroom}. {0.3 points) b} Using the population variance formula. show that the variance of the binary variable described above is equal to (NC at Mama. (0.? points}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra

Authors: Cynthia Y Young

4th Edition

1119320682, 9781119320685

More Books

Students also viewed these Mathematics questions