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The Random Texan
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Put not your faith in averages
21 December 06
—
by
therandomtexan
in
Statistics at UTSA
Michael Stastny
illustrates why an average doesn’t tell the whole story
about a random variable. Plus, a
link to Jensen’s Inequality
, and the "bottom line" (but not the solution) to a homework problem I’ll be assigning in January.
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