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jeremy22511
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- If E(X1)>E(X2), does it mean that E(1/X1)<E(1/X2)? Thanks!
If E(X1)>E(X2), does it mean that E(1/X1)<E(1/X2)? Thanks!
mathman said:No: Example two values X1=0 or 10. X2=1 or 3 (equal prob. for both).
E(X1)=5 and E(X2)=2. E(1/X1) is infinite, E(1/X2)=2/3.
Why don't you try some simple examples to see what happens? There seem to a lot of students who are unfamiliar with the concept of looking for a simple counterexample.jeremy22511 said:Summary:: If E(X1)>E(X2), does it mean that E(1/X1)<E(1/X2)? Thanks!
If E(X1)>E(X2), does it mean that E(1/X1)<E(1/X2)? Thanks!
##1/X_1## makes absolutely no sense.mathman said:No: Example two values X1=0 or 10. X2=1 or 3 (equal prob. for both).
E(X1)=5 and E(X2)=2. E(1/X1) is infinite, E(1/X2)=2/3.
Try fixing Y as 1 and letting X take two values, equally likely, with a mean slightly greater than 1.jeremy22511 said:What about the case with positive random variables?
If that's in reply to post #8, I was not suggesting 1/E(X)=E(1/X). The idea is to find a pair of values for X such that E(X)>1 =E(Y) and E(1/X)>1=E(1/Y).PeroK said:In general, if ##X## takes two values ##a, b## with equal probability, then ##E(\frac 1 X) = \frac 1 {E(X)}## only when ##a = b##:
$$E(\frac 1 X) = \frac 1 2 (\frac 1 a + \frac 1 b) = \frac 1 {ab}(\frac{a + b}{2}) = \frac 1 {ab} E(X)$$
$$E(\frac 1 X) = \frac 1 {E(X)} \ \Rightarrow \ E(X)^2 = ab \ \Rightarrow \ (a+b)^2 = 4ab \ \Rightarrow \ (a-b)^2 = 0$$
It was just a general post to show that one doesn't have to be clever to find an example. The result the OP was looking for can only be true in a special case.haruspex said:If that's in reply to post #8, I was not suggesting 1/E(X)=E(1/X). The idea is to find a pair of values for X such that E(X)>1 =E(Y) and E(1/X)>1=E(1/Y).
@BWV seems to have come up with a closely related example.
Hmm... ok, but I don't see how your post shows that. How does it give an example of E(X)>E(Y) while E(1/X)>E(1/Y)?PeroK said:It was just a general post to show that one doesn't have to be clever to find an example. The result the OP was looking for can only be true in a special case.
I forgot that bit!haruspex said:Hmm... ok, but I don't see how your post shows that. How does it give an example of E(X)>E(Y) while E(1/X)>E(1/Y)?
Not really hard. Let X== 1 and Y be uniform on [-2,-1].BWV said:More challenging to find an example where E(X)>E(Y) and E(1/X) >E(1/Y)
where Var(X) < Var(Y).
I think it was sort of agreed earlier in the thread that X and Y should be taken as always nonnegative.FactChecker said:Not really hard. Let X== 1 and Y be uniform on [-2,-1].
In that case, I suspect it is impossible. I am not sure how to prove it.haruspex said:I think it was sort of agreed earlier in the thread that X and Y should be taken as always nonnegative.
The expected value of a variable is the sum of all possible outcomes of that variable multiplied by their respective probabilities. It represents the average value that can be expected from a random experiment or event.
The expected value of a variable is calculated by multiplying each possible outcome of the variable by its probability, and then summing up all these values. This can be represented by the formula E(X) = ∑xP(x), where E(X) is the expected value, x is a possible outcome, and P(x) is the probability of that outcome.
The expected value of a variable is an important concept in probability and statistics as it helps in predicting the average outcome of a random experiment. It also serves as a measure of central tendency, providing a single value that summarizes the entire distribution of possible outcomes.
The expected value of the reciprocal of a variable is the sum of all possible reciprocals of that variable multiplied by their respective probabilities. This concept is useful in situations where the inverse relationship of a variable is of interest, such as in finance or economics.
Yes, the expected value of a variable can be negative if the possible outcomes of the variable have negative values and their corresponding probabilities are high enough. However, it is also possible for the expected value to be negative even if all outcomes are positive if the probabilities are not appropriately balanced.