Question: Please provide detail solution, thx 3. (10 points) Suppose that you have the numbers {-50, -49, . .., 49,50}. You're going to succes- sively choose
Please provide detail solution, thx

3. (10 points) Suppose that you have the numbers {-50, -49, . .., 49,50}. You're going to succes- sively choose numbers without replacement from this set and call them X1, X2, X3. ..., X101. (a) (5 points) Show that for every i between 1 and 101, Var(Xi) = 850. You may find the sum of square formula helpful: k2 = n(n+1)(2n+1) 6 (b) (5 points) Show that for any i / j between 1 and 101, Cov(Xi, X;) = -8.5. (Hint: Use that Var(X1+ X2+.. .+ X101) =0) (why is this true?) and expand out the left hand side using the formula for the variance of the sum of not necessarily independent random variables
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
