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Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501 Exercise 33
Suppose that Y₁ , … ,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
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 numbersExplanation
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We are told that 
are i.i.d. random vari...
Introduction to Econometrics 3rd Edition by James Stock, James Stock
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