Question
In discussing the weak law of large numbers we claimed that the function $p q=p(1-p)$ has a unique maximum value of $\frac{1}{4}$ at $p=\frac{1}{2}$. Prove this claim.
Step 1
The function given is \( f(p) = pq = p(1-p) \). We need to find the maximum value of this function for \( p \) in the interval [0,1]. Show more…
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