Question
The formula to calculate the variance of random variables with given fixed probabilities is Var(x)=1*P(x=1)+0*P(x=0).... For example, Var(x)= 1* 0.8+0*0.2=0.8. Now we change the given
The formula to calculate the variance of random variables with given fixed probabilities is Var(x)=1*P(x=1)+0*P(x=0).... For example, Var(x)= 1* 0.8+0*0.2=0.8.
Now we change the given fixed probabilities to be uniform distribution. For example, change P(x=1)=U(0.7,0.9) and P(x=0)=U(0.1,0.3). What is the variance now?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Numerical Analysis
Authors: Richard L Burden, J Douglas Faires, Annette M Burden
10th Edition
1305465350, 9781305465350
