Suppose that the expectation of a random variable $X$ is $5$. Which of the following statements is true?
- There is a sample point at which $X$ has the value $5$.
- There is a sample point at which $X$ has value greater than $5$.
- There is a sample point at which $X$ has a value greater than equal to $5$.
- None of the above
My attempt:
One of the friends, explained it as:
$E(x)=p_1x_1+p_2x_2+......+p_nx_n=5$
$p_1+p_2+.....+p_n=1$
And, $0\leq p_i \leq 1$
So, $x_i \geq 5$
But, why option $(1)$ and $(2)$ are not true?
Can you explain in formal way? Please.
The first is certainly not correct. Your sample points could be only $10,0$ or something like that, with average $5$.
The second one, you could have all sample points as $5$.
The third one has to be correct, because if all sample points are strictly smaller than $5$, their average is strictly smaller than their supremum, which is $5$. Thus, the third one is right.