Descriptive Statisticshard
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Three random variables X1,X2,X3X_1, X_2, X_3 are drawn from a population with mean μ\mu and variance σ2\sigma^2. However, they are not independent: the covariance between any pair is Cov(Xi,Xj)=ρσ2Cov(X_i, X_j) = \rho\sigma^2 for iji \neq j. If we calculate the standard sample variance s2=12i=13(XiXˉ)2s^2 = \frac{1}{2} \sum_{i=1}^3 (X_i - \bar{X})^2, what is its expected value E[s2]E[s^2]?