Introduction to Econometrics 3rd Edition by James Stock, Mark Watson

تمرين 3

Suppose that Y 1 , … ,Y n are i.i.d. random variables with a N (1, 4) distribution. Sketch the probability density of
when n = 2. Repeat this for n = 10 and n = 100. In words, describe how the densities differ. What is the relationship between your answer and the law of large numbers