An exponential random variable X has a true mean value of 5. Suppose we observe n =17 independent realizations of this random variable, x1, x2,...,n. What is the variance of the sample mean?

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 9E
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An exponential random variable X has a true mean value of 5. Suppose we observe n =17
independent realizations of this random variable, x1, x2,..., n. What is the variance of the
sample mean?
Transcribed Image Text:An exponential random variable X has a true mean value of 5. Suppose we observe n =17 independent realizations of this random variable, x1, x2,..., n. What is the variance of the sample mean?
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