To give a brief background
in my college math course on probability and statistics, the professor just finished going over Markov's inequality, Chebychev's inequality, and the Weak law of large numbers.
I tried to figure this problem out for hours, but couldn't understand it. It is for a homework that has already been turned in (ie, this is not for a grade), but I desperately want to know the answer + explanation.
the problem is in the attachment
Any help will be much appreciated!
I'm sorry, my math in this area is still weak. Captain Black, could you offer a more detailed
explanation? In the problem what does P(Xi > x)= e^(-2x) have to do with anything? how did you get
(also, sorry about double posting earlier, I shouldn't have done that)