Quote:
Originally Posted by whosnext
It is hard for me to provide any guidance without knowing more.
I presume you know about random variables, expected values, definition of variance, covariance, etc.
Can you show that the expected value of the sample sum is the same under sampling with replacement and without replacement?
Can you write down the formulas for the variances of the sample sum under sampling with replacement and without replacement?
Can you then solve the formula under sampling with replacement (this is straightforward)?
Can you then solve the formula under sampling without replacement (this is fairly difficult)?
Thanks a lot for your help.
This was for an interview, a question I might possible would have gotten. I just realized I am unable to go beyond the basic regarding statistics, and given the replacement ordeal with this thing it is gonna be quite complex. That being said, sorry to have wasted your time.