Solved: Find the expected value and the variance of x, Econometrics

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Find the expected value and the variance of x

Problem

Let a and b be positive integers with a ≤ b, and let X be a random variable that takes as values, with equal probability, the powers of 2 in the interval [2^a, 2 ^b ] . Find the expected value and the variance of X.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: Find the expected value and the variance of x

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