(Solved):
Review of Conditional Expectation. Suppose Z is a random variable that is either 1 or 1 , with ...
Review of Conditional Expectation. Suppose Z is a random variable that is either ?1 or 1 , with probability 0.5 of either outcome. If Z=?1, then X is uniformly distributed between 0 and 4 . If Z=1, then X is normally distributed with mean ?2, and variance 4 . (a) Find E[X] (b) Find Var(X) (c) Verify parts (a) and (b) by drawing 10,000 samples from the distribution of X and computing the mean and variance across these 10,000 samples.