In: Statistics and Probability
Topic: Linear combination of random variables
Let X1, X2, . . . , X16 be 16 independent variables identically distributed as N(2, 4), with an average X̄(Note: This is X bar, It was formatted as X¯ before but I assumed X̄ is more clear in text ) . Find the value c for which P(2 − c ≤ X̄ ≤ 2 + c) = 0.99.
Please show work and relevant formula's
Thanks.
X1, X2, . . . , X16 be 16 independent variables identically distributed as N(2, 4), with an average X̄
Here Xi ~ N(2,4)
Mean = 2
Variance = 4
Now
So
According to question
using symmetry
Using normal table distribution
c=2.58/2 = 1.29
C =1.29 answer