3. Let X₁, X2,..., Xn be iid random variables with mean and variance o2. Define the random variable Z = X-μ o/√n where X = (X₁ + X2 + ... + Xn). Find the mean and variance of Z.

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3. Let X₁, X2,..., Xn be iid random variables with mean and variance o2. Define the
random variable
X-L
Z
o/√√n
where X = (X₁ + X2 + ... + Xn). Find the mean and variance of Z.
Transcribed Image Text:3. Let X₁, X2,..., Xn be iid random variables with mean and variance o2. Define the random variable X-L Z o/√√n where X = (X₁ + X2 + ... + Xn). Find the mean and variance of Z.
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