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Descriptive Statisticshard
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Suppose a sample of nnn random variables X1,X2,…,XnX_1, X_2, \dots, X_nX1​,X2​,…,Xn​ each has variance σ2\sigma^2σ2, and the correlation between any pair XiX_iXi​ and XjX_jXj​ (i≠ji \ne ji=j) is a constant ρ>0\rho > 0ρ>0. What is the variance of the sample mean Xˉ=1n∑i=1nXi\bar{X} = \frac{1}{n}\sum_{i=1}^n X_iXˉ=n1​∑i=1n​Xi​?