1. Suppose X1, X2, ..., X10,000 are independent random variables with E(X;) = 8 and Var(X;) = 4 for each i. Let Y = (X1+ X2 + ... + X10,000)/10,000. a. Find E(Y). o. Find Var(Y). c. What does the Chebyshev inequality say about P(|Y – E(Y)| > 0.1)? -

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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4. Suppose X1, X2,..., X10,000 are independent random variables with E(X;) = 8 and
Var(X;) = 4 for each i. Let Y = (X1+ X2 + ... +X10,000)/10,000.
a. Find E(Y).
b. Find Var(Y).
c. What does the Chebyshev inequality say about P(|Y – E(Y)| 2 0.1)?
Transcribed Image Text:4. Suppose X1, X2,..., X10,000 are independent random variables with E(X;) = 8 and Var(X;) = 4 for each i. Let Y = (X1+ X2 + ... +X10,000)/10,000. a. Find E(Y). b. Find Var(Y). c. What does the Chebyshev inequality say about P(|Y – E(Y)| 2 0.1)?
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