Basic Concepts of a Random SampleWe begin by defining a random sample and explaining how a random sample is also considered a collection of independent and identically distributed random variables. To do so, the idea of mutually…
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Conditional Distributions and IndependenceOftentimes when two random variables (X, Y) are observed, the values of the two variables are related. For example, it may be that knowledge about the value of X gives information about the value of…
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