A population distribution has a mean of 10 and a variance of 16 . Determine the mean

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A population distribution has a mean of 10 and a variance of 16 . Determine the mean and variance of \(\bar{Y}\) from an i.i.d. sample from this population for

(a) \(n=10\);

(b) \(n=100\); 

(c) \(n=1000\). Relate your answers to the law of large numbers.

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Introduction To Econometrics

ISBN: 9780134461991

4th Edition

Authors: James Stock, Mark Watson

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