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(Solved): Suppose X is a random variable with mean X and variance X2=2. Suppose X1,X2, X3 ...



Suppose \( X \) is a random variable with mean \( \mu_{X} \) and variance \( \sigma_{X}^{2}=2 \). Suppose \( X_{1}, X_{2} \),

Suppose is a random variable with mean and variance . Suppose , and are all independently distributed with the same distribution as . a) Calculate the variance of the sample mean . b) Is the sample mean a better estimator of the population mean than Justify your answer. c) You find out that and were gathered using a faulty method. , and still have the same mean and variance as , but because the lab assistant wrote the same observation 3 times. is still independently distributed. Given this mistake by the lab assistant, is the sample mean a better estimator of the population mean than Justify your answer.


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