Steve W.

asked • 06/13/14

independent and identically distributed random variables

X_1,X_2,… X_121 are independent and identically distributed random variables such that E(X_i )=3 and Var
(X_i )=25. What is the standard deviation of their average? In other words, what is the standard deviation of (X_1+X_2+ …+X_121)/121? 

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.