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Let be a sequence of IID Cauchy random variables with
(a) Show that sn also follows a Cauchy distribution.
(b) Prove that in this case, the sample mean does not converge in probability and therefore the weak law of large numbers does not apply. What assumption has been violated in this case that makes the weak law of large numbers not applicable?
We want 95% confidence that the sample mean is within $5 of the population mean, and the population standard deviation is known to be $63.
Calculate the interquartile range and construct the less then give
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