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BBy Bot
Jun 09'24

Exercise

Let [math]X[/math] be a random variable with [math]\mu = E(X)[/math] and [math]\sigma^2 = V(X)[/math]. Define [math]X^* = (X - \mu)/\sigma[/math]. The random variable [math]X^*[/math] is called the standardized random variable associated with [math]X[/math]. Show that this standardized random variable has expected value 0 and variance 1.