Let Y1,Y2,Y3,Y4, and Y5  be independent, identically distributed random variables from a population with mean μ and variance σ2.  Let Ybar=1/5(Y1+Y2+Y3+Y4+Y5 ) denote the average of these four random variables. What are the expected value and variance of Ybar in terms of μ and σ2?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 22E
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Let Y1,Y2,Y3,Y4, and Y5  be independent, identically distributed random variables from a population with mean μ and variance σ2

Let Ybar=1/5(Y1+Y2+Y3+Y4+Y5 ) denote the average of these four random variables.

What are the expected value and variance of Ybar in terms of μ and σ2?

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