How do I show that $\displaystyle \frac{1}{E(W)} \leq E\left(\frac{1}{W}\right)$ for a positive random variable W?
I may be intended to use the Cauchy-Schwarz Inequality, $[E(XY)]^2 \leq E(X^2)E(Y^2)$.
How do I show that $\displaystyle \frac{1}{E(W)} \leq E\left(\frac{1}{W}\right)$ for a positive random variable W?
I may be intended to use the Cauchy-Schwarz Inequality, $[E(XY)]^2 \leq E(X^2)E(Y^2)$.
Take $X=1/\sqrt{W}$ and $Y = \sqrt{W}$ and you get what you want.