Easy -1.2 This is a straightforward application of standard formulas for unbiased estimates of mean and variance from summary statistics. It requires only direct substitution into well-rehearsed formulas (x̄ = Σx/n and s² = [Σx² - (Σx)²/n]/(n-1)) with minimal calculation, making it easier than average and purely procedural with no problem-solving element.
A random sample of 50 observations of the random variable \(X\) is summarised by
$$n = 50, \Sigma x = 182.5, \Sigma x^2 = 739.625.$$
Calculate unbiased estimates of the expectation and variance of \(X\). [4]
A random sample of 50 observations of the random variable $X$ is summarised by
$$n = 50, \Sigma x = 182.5, \Sigma x^2 = 739.625.$$
Calculate unbiased estimates of the expectation and variance of $X$. [4]
\hfill \mbox{\textit{OCR S2 2012 Q1 [4]}}