00:01
Given a sequence of xi, xi are sequences of iid distribution, we're required to show the expectation of s, sn is defined as the summation of the first n terms for this sequence.
00:21
For m less or equal to n, we're required to compute the expectation of some fraction, i mean expectation of xm over sn, we're going to show it is equal to m over n.
00:50
Okay, first notice the expectation of sn over sn is just equal to 1.
00:59
Okay, then separate this summation, i mean separate this fraction, we know sn is equal to x1 plus x2 plus blah blah blah plus x.
01:19
And in addition, all of those xi's are, i mean all of those xi's have the same distribution, so the first step we can separate it as summation, from the linearity of the expectation we have xi over sn, i goes from 1 to n is just equal to 1.
01:44
And as all xi's have the same distribution, we know the expectation of xi over sn is just equal to the expectation of xj over sn, for any ij.
01:59
So we can assume it is just equal to some, let's say, suppose it is equal to some constant c, so we know the summation over some constant c is equal to 1.
02:12
This means c is equal to 1 over n, because we have a summation over n terms, that means the expectation of x1 over sn, and all of them are the same, so we can use the single term to represent all of those values, is equal to 1 over n.
02:39
Now for any n less or equal to n, sn is equal to x1 plus x2 plus xn, and that means the expectation of sn over sn is equal to the expectation of x1 over sn plus x2 over sn plus blah blah blah, to get the expectation of xm over sn.
03:13
And again, by our assumption, all of those terms are equal to 1 over n.
03:18
So we have n terms, that means this result is equal to m over n...